paying taxes on your bitcoin holdings, transactions or' 'gains' means:

- your beloved hard cap doesn't mean anything because the government can extract as much as she wants from your "gains" up to 100% or go full 6102

- since you are declaring your transactions you can spend your bitcoin only on government approved things and also won't be able to evade capital controls

sounds familiar? it is, because it is exactly how paypal and any other government approved fin-tech or your bank account works.

so what this all boils down to is that in the end bitcoin is just evading taxes and capital controls. if you say otherwise then I'm sorry to tell you that you are just larping and bitcoin is doing nothing for you and the government is still in full control of your bitcoin. in this case you will have to continue seeking solutions in politics (which is the system we already had before bitcoin)