0 sats \ 10 replies \ @034678ffb8 OP 16 Feb 2023 \ parent \ on: Perspectives on Coinjoin? bitcoin
So let's say my mom gets in a car accident and I need to access my money quickly. Hospitals don't accept bitcoin yet, so I would need to sell some on an exchange. Let's say coinjoin is blacklisted and I can't easily cash out. Sure I could get some amazon giftcards on robosats, but I don't think a hospital will accept those either. By living in the real world, we still have to think about fiat, like it or not. We don't live in bitcoin land yet.
Also, you can easily use lightning to get cash in seconds with strike and cash app. Run your own node, its easy. Wanna get cash, open a channel with what you need to pay your hospital, send to cash app or strike, instantly have cash you can send to a bank account. Easy peasy with no worry about a past coinjoin.
reply
As long as you live in a country with strike or cash app.
reply
Plus revoult app and many others.
reply
Fold……
reply
Well they are in the US which has the strictest BS when it comes to exchanges lol. So if you dont live in the US, its even easier for you to use an exchange and cash out lmao.
reply
Japan is stricter.
reply
This is a good point. I would look at ways to provide plausible deniability by moving the funds through Lightning or even an ecash mint (vs a coinjoin). If done properly once you swap back to onchain your new UTXOs will be private and not tainted as coinjoin.
reply
Right, so there are a few other ways of protecting your privacy without coinjoin.
reply
Why would you get gift cards off robosats? Lol you can easily get cash on robosats, hodl hodl, bisq….
reply
Yes, by going through a third party...
reply