I feel like the worst case 6102 scenario is: US declares BTC private ownership illegal because it “threatens” the dollar and “national security.” They deploy resources to enforce this and contact traceable owners after they subpoena KYC data from exchanges. Private owners responding to the state, “you cannot prove I still have the coins” because they mixed them may not be legally sufficient to absolve them from ownership.
Discussion
I see that scenario as highly unlikely. But if it does happen then I would just move to another country.
Yeah I’ve considered an El Salvador parachute if things get really hairy 😅
So really the only solution is buying non-kyc
Pretty much. Make sure not to combine non-kyc utxos with kyc ones as you may know
It’s not that simple. Risk management is subjective in some scenarios. At some point you’re spending lots of time and energy mitigating for a low probability event.
I think it’s pretty easy for Bitcoiners to indulge in doom porn, get paranoid, and waste their life prepping and propagating fear.
I aspire to find balance.
Agreed. Guess you could think of it at insurance cost.