Govs can def cripple it, especially LN and other layers. Onchain not so much.
Discussion
Just wait until Gov say "it is illegal to exchange Bitcoin to Fiat" lol
Doubt it. More likely to say illegal to take bitcoin to self custody. They are fine with you having fiat, they don't want you to keep bitcoin. Everyone with btc on the ETFs will never get btc out. Only fiat. They want to lock the btc in, all btc in KYC centralized services, to get out into your pocket, only fiat.
