However, anyone who has any clue about how money works, how the gold market works, or what base money vs credit money is all about, would instantly understand that Cryptonote is a recipe for the wholesale corruption of electronic money by removing the public blockchain from public scrutiny.
I don't think you're qualified to express that as a fact. While that's clearly your own personal prerogative, I'd like you to please explain in detail how cryptonote permanently 'removes the public blockchain from public scrutiny', in any way?
It's pretty obvious, IMO, that cryptonote more 'represents a threat to your bag', more than represents any threat whatsoever to some kind of inability for the public to scrutinize transactions.
If anything, off-chain mixing of transactions would obscure the blockchain from public scrutiny, because the mixing is done offline. There is no traceable history for the public, short of someone saying 'well I sent this money to this address, which went to that address, which went to probably that address, which um ... might have gone to that address, to ahh...this one for sure, and finally um yeah those guys got my money!