What is the Bitcoin maximalist reaction

to the fact that the European Union wants all citizens to declare all the coins they hold in self-custody?

The boating accident? A casual HFSP in between the steak lunch and the steak dinner?

How about acknowledging that you were wrong and the purity virtue signaling and the NGU greed kept millions of people away from privacy projects and DeFi

and now every user who humbly stacked sats on the most compliant podcaster-endorsed KYC exchange out there and withdrew to the hardware wallet they bought under their name using their home or office address

is just one bureaucratic LLM query away from becoming a criminal if he doesn’t disclose every little UTXO?

Bitcoin has no untraceable kind of privacy. Your LSP can leak all the data about your activity to the government. Your favorite custodial Lightning wallet can rug you on demand. Running your own Lightning node will most likely make you lose a lot of money and doesn’t scale anyway.

While you were jerking off to price charts, the regulators caught up. Now they want your name and your wallet addresses on a list that will definitely get leaked in the future.

No privacy, no hope for the future, your hard-earned coins will most likely enrich some EU bureaucrat. You got duped, anon. Thank you for playing!