Replying to Avatar signal_and_rage

At $1 million, bitcoin will be unrecognizable.

It will be an entirely permissioned network.

Taxes will be split over Lightning, only illicit zaps will not be KYC’d, miners will be licensed.

Bitcoiners are expecting the State to either fail or adopt bitcoin. No one is prepared for what full State bitcoin adoption looks like, but it won’t be of the freedom kind.
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monk_cactus 2y ago

no

the protocol’s only reason for existence is to ensure censorship resistance. it makes no sense to operate a permissioned network and make all of the tradeoffs i

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signal_and_rage 2y ago

The masses don’t care about censorship resistance.

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monk_cactus 2y ago

you’re right. that’s why we shouldn’t expect everyone, let alone the government (taxes split through lightning network) to use it