You are underestimating… Very badly.. Both the coercive power of a modern government and the sheer bloody-mindedness of a modern government in the face of overt threats.
If what it takes to stop that senario from happening is a zero’th level block in every motherboard, tablet and smartphone sold then you will not be able to buy hardware without that lockout. Chipfabs and assembly plants cant hide from the nice people with the automatic weapons, after all.
Current tax havens exist—at all—because politicians are not really very interested in shutting them down. It would be trivial to destroy them, and wouldn’t take a single bullet. All it would take would be to stop recognizing money transfers to and from those jurisdictions, and the caymans would be nothing but a serverfarm with a bunch of pointless ones and zeroes on it. Escalating to the point where tax evasion become an actual threat, rather than a reason for more donations to politicians would be darwin award level of stupid. Bitcoin is that stupid, by design. Thus it is going to get stomped on.
Which means “the smart money” are likely viewing the bitcoin market as a classic case of tulip mania. This does not mean they are not investing—it is really easy to make money in an inflating bubble if you know you are going to get early warning before it collapses. Hedgefunds have congress critters on payroll, and can therefore be confident that they are going to know that the hammer is about to drop in advance of every other player in the market, and unwind their position onto suitable patsies. Such as tech-libertarians who are buying into the narrative. In the final reckoning, bitcoin might as well have been deliberately designed to separate you. Yes, you. The person reading this. From your money.
You are underestimating… Very badly.. Both the coercive power of a modern government and the sheer bloody-mindedness of a modern government in the face of overt threats.
If what it takes to stop that senario from happening is a zero’th level block in every motherboard, tablet and smartphone sold then you will not be able to buy hardware without that lockout. Chipfabs and assembly plants cant hide from the nice people with the automatic weapons, after all.
Current tax havens exist—at all—because politicians are not really very interested in shutting them down. It would be trivial to destroy them, and wouldn’t take a single bullet. All it would take would be to stop recognizing money transfers to and from those jurisdictions, and the caymans would be nothing but a serverfarm with a bunch of pointless ones and zeroes on it. Escalating to the point where tax evasion become an actual threat, rather than a reason for more donations to politicians would be darwin award level of stupid. Bitcoin is that stupid, by design. Thus it is going to get stomped on.
Which means “the smart money” are likely viewing the bitcoin market as a classic case of tulip mania. This does not mean they are not investing—it is really easy to make money in an inflating bubble if you know you are going to get early warning before it collapses. Hedgefunds have congress critters on payroll, and can therefore be confident that they are going to know that the hammer is about to drop in advance of every other player in the market, and unwind their position onto suitable patsies. Such as tech-libertarians who are buying into the narrative. In the final reckoning, bitcoin might as well have been deliberately designed to separate you. Yes, you. The person reading this. From your money.