This chart is quite interesting. Yes, I know this doesn't depict holdings by people or people of a nation, rather it's about governments holding Bitcoins. It makes me think of a few hypothetical scenarios.
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The government holding more Bitcoins will be more powerful, like US controlling much of the world's fiat money right now.
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The Bhutanese people will be the wealthiest like the ones from Luxembourg in present time.
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The goverments holding more sats per capita will be happier, far more well equipped and developed than others.
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The governments that won't be holding any Bitcoin will be the poorest and will depend on nations that hold Bitcoins.
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The people who hold Bitcoin secretly (non custodial) will be blacklisted or won't be allowed to make a trade with non-government or non-custodial sats.
We all know that Bitcoin's on chain history is very much traceable. Why can't governments be able to trace any Non Custodial Sats/Bitcoin transaction I'd the hold a considerable amount of Bitcoin?
I think to differentiate their Bitcoin and blacklisted Bitcoin (non custodial), governments will simply have to issue their own L2; say that's the only legal Bitcoin; and anyone else using any other form of Bitcoin (or money) will be a punishable offense.
Hasn't the government's been doing the same by issuing paper bills of different designations and marking them legal tender?
i know you all can dust off this as a fear for no reason but I'll be fearful because I can only visualise that the road to Bitcoin Standard goes through a revolt by Bitcoiners.