RE: Make Physical Bitcoin Transactions With OpenDime
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I was just thinking about the need for physical bitcoin the other day.
Another reason it is important is privacy. Any on-chain transaction can be subject to chain analysis which is increasing sophisticated and can compromise privacy.
But physical transfer of value (ie cash) can be traced electronically and breaks the on-chain analysis.
If physical exchange of BTC on devices like this becomes popular then it will undermine government's attempt to destroy our financial privacy.
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I didn’t think of that but it sure is a use case and for governments that want to limit their citizens to BTC sure they could block certain sites and such but with physical it’s hard if not impossible if options like this become popular
I also think with taproot and shnoor coming and being able to batch transactions, coin joins, confidential transactions on liquid and lightning BTC is providing options to get around just about anything
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