Sure... Government has enormous power. So do you think they can do the exact same thing to cash and gold? Could states tax gold to death? Could they make holding gold coins and bullion illegal? Could they criminalize holders? Confiscate it? Does a government making something illegal cause it to be bad (meth) or does that thing have to actually do damage? What you described above is simply the powers of an illegitimate goverment. Those fucks can do the exact same thing with WATER for fucks sake... and they already are doing so! (look at well meters in Cali and see what the punishments are)
Nothing at all that you said applies inherently to BTC. In fact I'm absolutely positive that all of the above is going to happen with one single exception. You mentioned that states can CONFISCATE bitcoin. This is incorrect. They cannot take it by force. They can threaten and torture the holder of the keys but they cannot TAKE it. It is by its very nature unconfiscatable. There has never been an instance of this happening. Not a single time where an outside force took BTC without the knowing or unknowing consent of the key holder. If that were to happen then ALL digital cryptography would also be nullified by the same tool that broke BTC. Will illegitimate governments fight back? You betcha. They are going to literally start WW3 to fight these currencies from emerging as the future unit of account.
Look at what you wrote bro. You are on the side of tyrannical government in this post. You are groveling at the boot heel of a tyrannical and illegitimate government and defending its power and influence over someone who would fight back against it. You are worshiping it.
I took no side, I'm just describing what I see
(post is archived)