if they are that much of a threat to the system,
do you honestly believe they WONT come?
and they don't have to give up their keys,
they just have to be scared enough of taxes and jail to not make p2p txs.
which is pretty damn easy to do when theres no real privacy.
It would be similar to the war on drugs the drugs will win. You can’t illegal things out of existence if you could there would be no murder and society would be grand.
agree in principle
but its the money, the foundational unit of exchange
not a commodity like drugs.
so theres MUCH more incentive to regulate.
and drugs arent traded on a transparent ledger anyone with an Internet connection can audit.
more incentive + easier to identify flows
bad combination.
Enforcement is where they will fail. Many governments are barely competent to keep violent criminals and repeat offenders in jail and have a catch and release system. They’re not going to be able to enforce a law that prohibits self custody it won’t work. Will they try some will just like some have banned bitcoin all together but the network thrives and grows in spite of these things.
i hope you are right.
but i STRONGLY disagree that Bitcoiners should proceed under the assumption this is true.
preparing for adversarial scenarios is important and how we got this far
taking success for granted is complacency and leads to regulatory capture and failure.
I mean they did buy a bunch of ammo and hire a bunch of thugs.
Because if you applied for a gun-carrying role at the IRS you're a thug (or more likely a thug wanna-be) and a traitor to the nation.
There are some non-legitimate professions. Prostitute and thug come to mind.
they did recruit a bunch of thugs didn't they?
probably nothing 🧐
Fedi fixes this.
