But guns and cops and prisons are real. And those things will continue to be threats as long as there is terrible privacy within bitcoin
Discussion
They will always be threats.
But realize the people with monopolies on violence are not omnipotent. They do not have the man power or funding or support to wage a war on people who use Bitcoin. There are way too many users and there is no way to enforce using no-KYC Bitcoin even if they wanted to.
But realistically those in power have their hands more than full and thousands of other groups who they are more worried about. Prisons are full, courts are clogged. Thinking govts will tear out after millions of bitcoiner’s are just anxious delusions.
There are note users of Monero than there care actual users of Bitcoin in everyday commerce.
They are stifling the next wave of real adoption.
Try making that argument about taxes. They don’t need man power when they can use AI to analyze large swathes of data in seconds. And nowadays it takes a phone call to turn off your bank account. You are underestimating the drive of the government to suck you dry of every last dollar
There is a massive amount of tax evasion and the government can’t do shit about it. They do not have the ability to investigate or enforce 99.9999% of tax evasion.
Asking the government for “rights” to posses bitcoin will do absolutely nothing. Rights don’t mean anything to them. Asking the oppressors to be nice pinky promise is pointless and retarded.
The only option is have non-KYC Bitcoin and have your keys properly secured.
Sorry but this is a load of bullshit and insulting to people who have been caught up in this stuff like Ross. The cypherpunks would have used encryption regardless but they purposely brought the fight to the government so schmucks like me and you could get a modicum of privacy without having to be political dissidents.
Yeah government picks one high profile case and makes a stink hiping to scare the 10,000 others who are doing the same things on a smaller scale. It doesn’t work though.
The government can investigate/prosecute/jail maybe 1 in 10,000 cases of tax evasion. Most small businesses commit tax fraud whenever they get a cash sale and there are ≈35,000,000 of those on a given day.
There are millions of people who sell stuff without paying taxes daily. Drug dealers are in the millions too. Almost none of it gets discovered let alone prosecuted because there aren’t even close to enough investigators/police/courts/jail cells.
The Ross thing was the 1:10,000. You sound like a scared man who needs the governments permission. Just buy some ibit and chill 😂😂
Bitcoin privacy is fine. Just don't EVER off-ramp with KYC. Period.