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| "text": "uh dollar bills and you can go and spend them how you like right now with bitcoin if I buy Bitcoin and let's say about a thousand dollars worth of Bitcoin if I try to go to a merchant and spend that Bitcoin they're gonna see that I'm spending a thousand dollar bill essentially they're gonna see that whole chunk.", |
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| "text": "So I think that's a major problem that most people who use Bitcoin probably don't even think about but imagine like going down to you know another country you're traveling and you want to spend your Bitcoin and all of a sudden you also accidentally reveal that you have a large Bitcoin balance.", |
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| "text": "That actually puts you at physical risk I would argue so we want to have privacy on Bitcoin for that reason.", |
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| "text": "You don't want to have the merchant know what you're doing you don't really want to see you don't want to have the bank following you home either that's really creepy.", |
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| "text": "But essentially the Bitcoin blockchain allows for that to happen which means we need privacy technology.", |
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| "text": "So CoinJoins there's also like lightning network right which kind of offers some of that privacy because a lot of the spends are not being recorded on the chain you know there's side chains like Liquid there's all kinds of different solutions.", |
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| "text": "I think we're day one of this we're gonna see a lot more down the road.", |
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