Because as soon as those coins hit any business they will be seized.
Discussion
IMO it’s more likely that Coinbase is the only place allowed to fractional reserve bitcoins right now. With the involvement of and support from governments and traditional finance.
That’s my call on how they’re achieving this price suppression.
I have not heard of any instances of Bitcoin being seized that went through coinJoin. I am open to learning how one might do that 😎
One can give up the keys or get extorted for them, but properly CJd Bitty that went into properly stored multi-sig?
If you're the one doing the coordination, sure... good luck CJing a large amount of UTXOs. You're going to have a liquidity problem.
Those coins are burnt until the state unburns them
I said business. If you were using zksnacks as a coordinator you better believe they would have been seized