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40 sats \ 2 replies \ @Jon_Hodl OP 18 Dec \ parent \ on: Is The SBR A Threat To Self Custody? Memes
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They do things like reference KYC data to see who owns it and then seize it from them.
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Track IP activity and see who’s sending/receiving bitcoin and then incarcerate or kill people who do.
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If you’re not running your own node, then your xPub key is in the hands of countless other nodes that you’ve connected to.
Aside from a small and intolerant minority of bitcoiners, most people have little to no privacy when it comes to Bitcoin.
I think it would be pretty trivial to ban Bitcoin in the US because everyone has lost sight of what freedom is and that we the people are in charge.