"This will lead to public support for laws that extend things like KYC down to even small ordinary transactions and the government knowing how much you have and how much you spend and where it all came from and where it all goes. To make that work the government will need a lot more surveillance but the public will be fine with that.'

Just recently we've had scandals with Credit Suisse and HSBC banking criminals and laundering drug money, add in all the tax heavens which are fully in UK/US jurisdiction and I think total volume of bitcoin transactions willvpale in comparison

If they didn't give a fuck when those crimes were committed using fiat, why would they care when it's done using crypto?

> There are far more people who are simply criminals and fraudsters who need to evade popular laws in order to blackmail or steal from or scam ordinary people than people who need to evade unpopular unjust laws.

Bless your heart. I hope you can preserve that innocence for many years to come — nobody in Venezuela or Argentina has the luxury of such ignorance†. So, even though I hope you can, I hope you choose not to.

One correction, though: the people who were donating to the truckers' protest weren't evading any laws. Rather, the government is evading laws in its illegal crackdown, and Bitcoin is providing a means to limit its unlawful powers.

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† Of course, not all of them think Bitcoin is a good idea! And they might be right.

There's a question to be asked...

From Dan of The Line Goes Up on The Financial Diet - https://youtu.be/8St36RjHd2E?t=757

(please pardon the wall of text transcription)

> But the why are crypto and NFTs bad? It's like they're socially destructive and they represent crypto. I really want to stress that NFTs are an extension of crypto and crypto is a socially destructive experiment that goes to great lengths to concentrate even more wealth and even more power into the hands of the few. They're deflationary by design, which traps -- so the long-term outcome of these would be that late comers, which -- you have to consider that, oh, well, what does a late adopter look like in crypto? And it's like well, if we're talking on a timeline, its people who are kids right now. So let's imagine this hypothetical future where where crypto becomes like mainstream. Let's say it wins and it takes over. Well, it's like, oh, well, you should have bought in early. It's like, well I couldn't buy in early. I was five. I now have to buy in late because the passage of time dictates it. And it's like, Ok, how is it going to behave when those people have to buy in? And it's like, oh, not good, not well. It's going to be terrible. And deflationary economies trap ordinary people into irrecoverable cycles of debt that just leads towards serfdom.