Uses transparent eternal blockchain.
Gets surprised tyrants get a raging boner and decide to start slapping labels on all the public data silly people put out there without considering the consequences of their actions.
Discussion
Even if YOU are immune today, MiCA does one key thing:
It turns the 99 % who don’t know or don’t want to use privacy tools into involuntary informants against you, because every chain still starts with them (KYC fiat → BTC → you).
MiCA isn’t just “a tax on stupidity.”
It’s a deliberate attempt to kill the option of private transactions for everyone, including you, in the long run.
So no, it’s not “the fault of naive users.”
It’s the atack of a system that wants to turn Bitcoin’s voluntary transparency into mandatory surveillance for all.
Oh, I realize that fully.
My gripe is with all the moonbois who ignored this obvious issue for almost two decades, even saying to regulators (I know of several cases personally) that they shouldn't be worried about Bitcoin because it's all traceable.
Very true!
Personally, I'm surprised by the lack of response to such an attack. A year ago, hardly anyone was writing about what was to come. Even now, there isn't much interest.