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Replying to Avatar LogicallyMinded

On whether or not regulators would be against or in favor of #Bip300, I think the strongest case to be made is that they would certainly be against it.

Think about it. Bip300 could enable a #drivechain that allows bitcoiners to anonymize their #BTC through a trustless setup.

Regulators hate #privacy #crypto like #XMR but maybe they can live with it and afford to force exchanges delisting because the #Monero brand isn’t as strong as the #Bitcoin brand but imagine combining strong privacy with the reach of the Bitcoin brand. It would seem like a regulatory nightmare.

Regulators definitely don’t want a private Bitcoin to see the light of the day and for this single reason they would oppose Bip300 not support it.

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Cyber Seagull 2y ago

Precisely.

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