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183 sats \ 2 replies \ @optimism 21 Jul \ on: Janusz/lx_dev unveils privacy preserving bitcoin exchange using mercury layer bitcoin privacy

Why would I want to exchange my clean, pure sats for dirty stablecoins? Can I spend them more easily on rent, groceries and insurance?

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131 sats \ 1 reply \ @Scoresby OP 21 Jul

i hear tell that stablecoins are easy to spend in places like Venezuela and Argentina, perhaps even easier than bitcoin?

I was thinking of it from the perspective of a user who wants to buy bitcoin more privately. You could buy stablecoins on a kyc'd exchange and then potentially use this (whenever it is actually launched) to turn them into more private bitcoin. Would it have less risk than using Bisq? Or be easier than finding an employer willing to pay in sats? Not sure.

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108 sats \ 0 replies \ @optimism 21 Jul

I don't think that switching to another coin adds any privacy. Sure you can do a robosats USDT trade... but you still have the same fiat amount to your name with the CEX you bought stables on, so you leave a similar trail?

Good point about the hyperinflationary places though - I guess it's a solution to use premium slavery money instead of the low-end ones.

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