I believe the most likely future is a complete bifurcation between the productive and unproductive... with each group passing different money. The unproductive will pass Federal slave tokens of some type and the productive will only accept and use a form of sound money: gold silver bitcoin. I'm seeing this in Argentina already with the farmers in the Pampas refusing to take pesos for their soybeans and having "terrorists" vandalize and destroy farmers stockpiles of soybeans they refuse to take to market at the current manipulated prices.
Discussion
Sounds like the behaviour I was talking about. Putting wealth into a different system will be villianized like the kulaks. Then confiscation and destruction of their things becomes a form of "justice" for how they "harmed" everyone not leaving the system they worship.
If everything bitcoiners want to sell to each other is destroyed then no circular economy can form to threaten their financial orthodoxy.
If people arent transacting privately then they have a very public ledger keeping a list of all the dissidents that tried to harm everyone else by refusing to comply.
Just like those farmers.
Can't confiscation or destroy a bitcoin. The will definitely try to get the lower class to hate the middle class I agree, but the country is too vast and decentralized to destroy that amount of property. Most likely you will see an acceleration of the trends we've seen post George Floyd riots (left wing mobs destroying property) and covid lockdowns (gov destroying property) is any business or property owners from blue cities (Minneapolis, Portland, SF, ect.) fleeing to red states (FL , TX , TN) that respect their property rights. As many problems as the U.S. has the choice given to citizens by the federated state model might allow us to find pockets of freedom.
The lack of privacy is concerning in my opinion. Not only would they have most financial transactions but with nostr they'd have conversations like this as well. Definitely things to keep in mind while building these decentralized technologies.
I wonder how much bifurcation/polarization can take place before things snap back to equilibrium though. Seems like that has to collapse under its own weight at some point.