now imagine being an exchange and selling bitcoin for usdc. what counterparty wants to hold the usdc in a situation like this

Counterparty risk.. Complete dependence on the banking system.. What's not to love?

That’s criminal

The government owns all the fiat money, they only let us borrow it so we become dependent on them for the rest of our lives.

Bitcoin allows people to OWN their money, and no one can take it from you if you take self custody of it.

The government isn't stealing or being criminal about it when they make weird decisions, they're just doing what they want with what's actually theirs.

Well, if anything, the whole thing is criminal. 😬