It's not about trying to hide something, but protecting IP.
Have a look at this ALTs market, scam coins flood again and agin. If open source at this stage, there'll be XC1, XC2, XC3 tomorrow morning when you wake up.
You mentioned OPEN HW? do you know even CPU has software in it? How do you think Intel and Qualcomm will open source for you? Are you kidding?
BTW, if you have interesting in below ISA code of CPU, we could have a talk LOL.
Let us finish on it.
Agree, IP protecting is nice feature, but it behaves in context of anonimity we've decided not to touch on.
If I am somewhat paranoid, I can completely switch to TOR or VPN tunelling on my comp to use BTC instead of XC because BTC source is open.
But XC does have another intersting features against BTC, you do ignore again and again
