Expresses legitimate concerns about the future of Bitcoin under government control. The idea that governments that accumulate more Bitcoin will have more power, similar to the dominance of the dollar today, makes sense within the logic of global economics. The fear that non-custodial Bitcoiners could be marginalized or even criminalized is also not unrealistic, given the history of repressive financial regulation. The possibility of governments creating their own layer 2 to control and track all transactions raises questions about Bitcoin’s true decentralization and censorship resistance. Ultimately, this view suggests that the path to a Bitcoin standard may involve active resistance from the community, something we already see in debates over privacy and regulation.