I have to correct myself, they won't seize all your Bitcoin. They will just tax the shit out of it. That's much easier and can be done with existing infrastructure. Because if you don't comply, you can just go to jail because of tax evasion.

And you can't use it to make fiat purchases (via crypto debit card or something), especially large ones, if you haven't declared it beforehand. They'll ask "where's that money from" and you have to proove a legal source of income for it. Reversal of the presumption of innocence applies to tax matters.

Bad times for anonymous Bitcoin buyers, good luck finding a jurisdiction on earth that is still a long way behind. In the end, every nation will arrive at the same point. Even Africa, even the Arab world ... all of them. Just a matter of time. Maybe not El Salvador.

We have to build a circular Bitcoin economy. There's no other way.

If you just hodl, you're not helping the cause of achieving financial freedom for all. Then you're not really a Bitcoiner, you're just a private investor with a fiat mentality.

Greetings to Michael from me.

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