It’s not about knowing what I have, rather being able to take what I’ve earned without my approval.
Discussion
When they know what you have, they will come to your door and take it after they wrote into their magic law book that they can do that.
Maybe it’s better to be able to defend what one rightfully owns rather than have it taken from without consent (both this example of taking it from a bank account and through inflation). The Bitcoin is not perfect, but if we’re not careful, the best can be the enemy of the good.
How would your example with the HMRS be different with bitcoin? They know you have it, they invent some tax on BTC holdings and there you go.
BTC is a surveillance nightmare. This is why the states allow it.
But less of a nightmare that the current system. But using lightening and e cash help with this. I’ve never used Monero, but I hear that too isn’t perfect.
In the current system, the bank and the government can know your balance and transactions.
In BTC, it is everybody in the whole world.