It's not about the rich and powerful, though. Of course they won't be targeted.
If you cause problems for the system, though, whether you are elite or not, you will be targeted in the same way they do now.
See my other comment, it is straightforward and imo incredibly likely that they tie in blacklists that essentially freeze the wallets of "terrorists". Over time that would be expanded to a social credit score system, where when your score drops too low your wallet cannot perform transactions.
Yes, it is absolutely possible, and imo very likely. Understand that now and start being vocal to make sure people don't get scared into accepting it when the time comes.
Read my other comment to understand what I mean. Sure, no wallets can be frozen NOW, but what I'm saying is that can very easily be changed, and to me seems incredibly likely that it will.
It won't matter if they are cold wallets or on an exchange. They will add in a requirement to verify the wallet is not on a blacklist to approve the transaction. I would bet everything I have that they will do that, create a false flag event and use it to force the blacklist check. Eventually that will be expanded to integrate a social credit score system.
Forks that do not implement the blacklist checks will not survive because the mainstream system will only recognize the mainline branches with blacklists (meaning you won't be able to use the forks to buy anything in the mainstream system). The same will be true for privacy coins, they just won't be allowed in the mainstream.
That's why I say it is incredibly important to be vocal about this now to try to raise awareness of what they will try before they actually try it. And probably more importantly, start now on creating parallel systems outside of the mainstream system so they are in place and will allow the forked bitcoin and privacy coins, because the mainstream will not be allowed to accept them when the time comes.
It's not about the rich and powerful, though. Of course they won't be targeted.
If you cause problems for the system, though, whether you are elite or not, you will be targeted in the same way they do now.
See my other comment, it is straightforward and imo incredibly likely that they tie in blacklists that essentially freeze the wallets of "terrorists". Over time that would be expanded to a social credit score system, where when your score drops too low your wallet cannot perform transactions.
Yes, it is absolutely possible, and imo very likely. Understand that now and start being vocal to make sure people don't get scared into accepting it when the time comes.
Read my other comment to understand what I mean. Sure, no wallets can be frozen NOW, but what I'm saying is that can very easily be changed, and to me seems incredibly likely that it will.
It won't matter if they are cold wallets or on an exchange. They will add in a requirement to verify the wallet is not on a blacklist to approve the transaction. I would bet everything I have that they will do that, create a false flag event and use it to force the blacklist check. Eventually that will be expanded to integrate a social credit score system.
Forks that do not implement the blacklist checks will not survive because the mainstream system will only recognize the mainline branches with blacklists (meaning you won't be able to use the forks to buy anything in the mainstream system). The same will be true for privacy coins, they just won't be allowed in the mainstream.
That's why I say it is incredibly important to be vocal about this now to try to raise awareness of what they will try before they actually try it. And probably more importantly, start now on creating parallel systems outside of the mainstream system so they are in place and will allow the forked bitcoin and privacy coins, because the mainstream will not be allowed to accept them when the time comes.