i live in a naturallaw world/*****
Discussion
Bitcoin is the only path that has a chance of righting the wrongs committed by statism/fiat. Other paths exist, but they all fall short. Bitcoin is it.
But that doesn't mean we get to control how the state responds. The state exists for the sake of power. Everything else is just advertising - power is the point. They won't relinquish power willingly.
When enough people understand that bitcoin makes them uncontrollable and use it in a sovereign way, the state will respond by using force in a concentrated manner - as it always does. It can't strike millions of dispersed individuals. It will look to infrastructure. It will say you can't receive a payment from employment unless its to a registered wallet, and it will require association of biometrics with a registered wallet (they'll require submission of an xpub or whatever equivalent on a second layer). Then it will mandate that point of sales transactions be done via software that they approve, which will only allow biometrically registered customers to buy, while sending taxes automatically. Then it will criminalize unregistered wallets.
This is one of the ways we could get the mark of the beast. A cbdc would be more direct, but we could still get it even if bitcoin succeeds in every imaginable way.
I'm not saying it has to play out like this - only that this is a predictable response. We will need a lot of people in useful positions to avoid it. States will have to assert their sovereignty. There's hope... Personally, I'm hoping one of the Eurasian empires goes full cbdc before hyperbitcoinization - that would give the US something external to oppose, using our judiciary to full effect to keep us away from that crap.
you are just reiterating long debunked concerns that are listed on this little chart from 10 years ago
The right, blue section, on the right side under the "Government" category are the ways that they will respond
Banned is already over and done with, the chinese, russians, and USA all have given up trying to do that
they have started trying taxed and regulated but that's not going to work either, because there is so many countermeasures you can use to avoid them, and some are also just the sane thing to do because of the adversarial situation with shitcoin casinos trying to accumulate sats running as the House on people who are trying to catch the Next Big Thing ™️
it's not exceedingly easy to avoid getting logged as having sats but the more you have, the easier it is to access ways that you can avoid leaving records in accounts of honeypots, i mean shitcoin casinos and neobanks and whatnot, so that's Taxed
and Regulated, that's this OFAC, miner blacklisting of UTXOs
if you understand the full game theory of why Bitcoin has UTXOs you will understand that they can't hold a net around UTXOs without control of ALL jurisdictions, just one miner puts your UTXO spend and oh, now they have 2+ to chase after, or better still you coinjoined it with 10 other people and now there's 30 UTXOs they can't control, it's a hydra
Where does the chart address biometrics or xpub registry? Maybe I'm just not understanding how to read it...
that's regulation
Well, how are businesses going to respond when they are required to use certain software that controls how they use bitcoin? Physical businesses, I mean
they are already trying these things, there is a lot of reasons why you would not want to KYC yourself, personally, i refuse to do it and all of my wealth is being spent on businesses that operate in unregulated jurisdictions or with weak enforcement
there's just no rational basis for dooming about this shit, cypherpunks are slippery fish, who have already scattered across the globe and are working to bring about little enclaves everywhere