Dead pedophiles can move millions secretly but I can't give a relative $600 without a full rectal exam.
Discussion
Intel slush fund, still doing its job. BTC can move like that, but we lose privacy. I was talking to my Dad (that I am orange-pilling) and talked about this issue. Can’t move money to people that need it in closed countries without a note from your mom, but BTC fixes that. We lose privacy as a trade off for permissionless and transparent. He’s intrigued, but the privacy thing is still a hurdle.
Make a little demonstration wallet, show him the ropes in Sparrow, show him coin-joining, and if any doubt remains then show him the absurdity of the math for either encryption or the outputs of a coin-join.
Yeah, coin joining can really enhance privacy. Not sure what the crypto regulations are going to be in a year, but I bet someone will squawk about illicit activity and pull another samurai wallet case. I also like the idea of lightning batching the transactions, as well, vs just on chain. I’ve told him to just stack for now and watch the layer 2 privacy solutions emerge.
Remember that you now have to separate your bitcoin cost basis by wallets individually according to this year’s tax code.