I agree with MOST of what you are saying in this post, but feel it’s important to point out that governments *can* track your wealth if you buy on centralized exchanges — which most people do. Various politicians have been proposing a wealth tax in the US which would be easy to do with ₿ by simply comparing the amount an exchange states you purchased against the amount you report you sold on your tax return.
Further, governments are going to get creative in finding a way to tax ₿. For example, France recently proposed a new rule for what they deem “unproductive assets” in order to specifically target cryptocurrencies. I don’t if either of these will come to pass, but it shows they are making an effort.
Lastly, I should point out that this is what really bothers me when nostr:nprofile1qqs2xs05tluhtr6hpgsmqqxp04898gayjlyrjlexcrndv8j6el784xqpzfmhxue69uhkummnw3ezua3sdshxjmcpz3mhxue69uhkummnw3ezummcw3ezuer9wca8edre refers to bitcoin as “digital property.” We pay property taxes on property! Rather, IMHO, we should be referring to bitcoin as “digital currency,” which it is, so that it’s not taxed differently (or additionally) as we would with holding any other currency. At most, if we had to compromise we could settle on calling it a “digital commodity” if that would bring more fairness within the regulatory landscape.