When I look around most people telling me they hold bitcoin are doing it via a centralized KYCed service or they are using Strike or similar wallets that combine banks and bitcoin. So it doesn’t matter if they are non KYC at the beginning. … many corporate miners are KYCed too and if ordered they will try to ban addresses (which doesn’t work anyways) and filter transactions. If there aren’t enough non KYC miners that alternatively can mine them Bitcoin is basically just another censorable financial tool.

It’s realistic sadly. Corporate miners will follow orders from regulators. Many are already KYCed.

Depends on where you look. In Western countries it’s mostly KYCed on exchanges or apps that combine bank account and BTC.

Fasten your seat belts. The incumbents are coming.

The problem will increase with adoption. More people are coming in with less deep understanding of Bitcoin. It’s definitely a danger.

Not surprised. The incumbents are striking back. They are not going down with a fair fight. Who profits from hindering people to do bitcoin self-custody? Exchanges, ETFs, Treasury companies, banks, Trump and his crypto cronies at World Liberty….I mean fucking Black Rock has interest to keep us from doing self-custody. Get yourself a Pixel phone, run , use Obtainium to find and download a self-custody wallet. It works.

How do they want to enforce that with desktop wallets that you can download from websites? ….I mean they will try

Individual or collective level: Bitcoin is an alternative.

The USA and China are the financial patriarchs towards all smaller indebted countries via their credit schemes.

Just think about the exclusion of women in many countries where they are not allowed to own their own money or inherit. Kenya as an example.

Stacking nature.

They took it back. Self-custody wallets are ok. But better be safe than sorry and have an alternative going forward.

Countries aren’t gendered: true, but 99% are run by men on top of men. Yes, a lot of these countries are in the hands of corrupt men. I don’t say there aren’t corrupt or powerful women too, but the majority of state and finance power is in male hands. And so Bitcoin emancipates from financial patriarchy.