How the Controllers will contain Bitcoin (attack decentralization and MoE use) without heroic fights - a TLDR version

- Paperization: Deep ETFs/futures/notes to satisfy demand while pulling usage into surveilled custody.

- Tax/reporting drag: Treat any non-KYC movement as "high-friction" - 1099-style reporting, wash-sale parity, travel-rule enforcement.

- Node/Mining pool pressure: Hosting TOS, app-store policies, and insurer clauses that make policy clients the default; off-policy is niche and risky.

- MoE marginalization: Make CBDC/stablecoin rails cheaper, faster, and incentive-rich so payments gravity leaves Bitcoin as a taxable SoV niche.

- Narrative steering: "Clarity" after scares -> price pops -> users settle into paper forms; self-custody shrinks to the ideologically committed and the skilled.

In other words, contain without martyring.

- Push liquidity and convenience toward custodial wrappers (ETFs, futures, payment gateways).

- Nudge perimeters (banks/app stores/clouds/pools) to require KYC/attestation.

- Price the "sovereign" path with friction (tax treatment, reporting, limited on/off-ramps) while avoiding outright bans that create hero narratives.

This doesn't mean Bitcoin won't go up in fiat terms, of course.

What I am saying is that most people are buying gold while thinking they're buying Bitcoin.

Bitcoin is gold for most, permissionless money for few.

I don't see this trend changing as of now, however, there are falsifiers that I am tracking.