LIVE w/ Elaine Ou
summary
Argues that Bitcoin lacks base‑layer fungibility and so is susceptible to blacklisting, cites the Iran episode and a Treasury blacklist of hacker addresses where the thief simply generated new addresses; claims Lightning channels can hide flows off‑chain (points to the Lightning torch mapping as a visibility example) but calls that largely theoretical for sanctions resistance today. Contrasts Monero as non‑traceable at address level and more private but less widely adopted and still under active development.
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