Without MoE Bitcoin is not money. It is simply a speculative commodity.

This is exactly what the fiat debt slavery bankers cartel want- to see Bitcoin defined as a speculative commodity where it is both relatively harmless and can be easily captured and controlled.

They have already largely succeeded in this and very few Bitcoiners seem to even notice- dazzled by their speculative commodity gains perhaps- how easily the revolution was slyly diverted.

Sure you can still use bitcoin as a P2P payment protocol but fuck all people do- thus bitcoin is failing to perform the function of money and unless this changes bitcoin poses little threat to the legacy fiat power structures....that are based upon thier hegemony over MoE. Think of SWIFT as an example.

The stronger the bitcoin as a speculative commodity narrative grows the easier it would be to impose a ban on private custody.

The apologists say MoE use will follow SoV- there is no guarantee of that- there is certainty that without strong MoE use Bitcoin is more easily captured and controlled.