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.
Fair arguments, but as you state, they currently have a system that they can fully control. Whether cryptos are a trojan horse or not, people with that much power are not going to just watch that power disappear. They will do literally everything possible to keep it.
Using the constitution analogy, most of the patriot act is/was unconstitutional, but they were pretty easily able to get that through with minimal pushback by crashing a few planes into a few buildings.
And as witnessed during the scamdemic, they were pretty easily able to get the overwhelming majority of world governments on board with the lockdowns and restrictions. There were some outliers, but not many.
They just need to scare enough people, and honestly, for most people I don't think it is too far of a leap for them to accept plugging in blacklists for transactions when they are convinced of the threat of "terrorists", or whatever.
All I'm saying is start working now to try to head that possibility off, either by raising awareness before it happens, or by helping to create alternative, parallel systems that will offer a safe haven.
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.
Fair arguments, but as you state, they currently have a system that they can fully control. Whether cryptos are a trojan horse or not, people with that much power are not going to just watch that power disappear. They will do literally everything possible to keep it.
Using the constitution analogy, most of the patriot act is/was unconstitutional, but they were pretty easily able to get that through with minimal pushback by crashing a few planes into a few buildings.
And as witnessed during the scamdemic, they were pretty easily able to get the overwhelming majority of world governments on board with the lockdowns and restrictions. There were some outliers, but not many.
They just need to scare enough people, and honestly, for most people I don't think it is too far of a leap for them to accept plugging in blacklists for transactions when they are convinced of the threat of "terrorists", or whatever.
All I'm saying is start working now to try to head that possibility off, either by raising awareness before it happens, or by helping to create alternative, parallel systems that will offer a safe haven.