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Everyone who has advocated for Bitcoin to be only a store of value is a bad actor, remember that. Not being able to use Bitcoin as money is what governments want, because it prevents one of its main features, black markets and tax evasion, which is essentially preventing you from being robbed. Governments love the idea of Bitcoin as a store of value, where it increases in price and you sell it through the cash register and pay taxes. If you can afford to use Bitcoin as money, things change, because in that case, Bitcoin has an outlet beyond the traditional KYC circuits. So anything that allows Bitcoin to be used as money is welcome.

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How would one run a business or pay for things anonymously with bitcoin? It seems that even putting a sign up at your local minimart that says "we accept bitcoin" would result in your tax authority adopting some crazy new regulations such as a requirement to provide them with your bitcoin address so they can calculate how much tax they think you owe. This seems tl be the major downside of thr public ledger. Gov't gang gonna do what they do.
Great post. For a long while I was getting pretty annoyed with Michael Saylor and all of his acolytes. I was wondering why everyone on X only saw it as a means to make money and a 'store of value'. It was as if they had never sent a bitcoin transaction. Once you have made even one transfer you realise it is as close as we'll ever get to a perfect payment system. Plus, those advocating the store of value narrtive simply gloss over the white paper, which clearly states that payments are the main purpose of bitcoin.