I think you are comparing apples with pears. I am not a KYC fan but owning your money is obviously more important than hiding the government the fact that you own it.
Don’t get me wrong, I believe private property and privacy are both fundamental human rights. And we should work on having tools to protect those rights and make them accessible.
The government can create any fucking regulation it wants but you are still in control of your money. They cannot freeze it, inflate it, or take it by force from you.
Worse thing I can think of is capital gains, but I believe that’s theft. And that doesn’t mean that they’ll confiscate your bitcoin. That will just create a fiat denominated obligation with the government once you sell (if you tell them). Owing money to the government is not a crime. I don’t think this is the end of the world. Not ideal but it’s part of the game.
What’s an other posible scenario you can see playing out?
