Governments could theoretically pass laws criminalizing Bitcoin ownership — just like Executive Order 6102 in 1933, which forced Americans to surrender their gold. And today, enforcement seems far easier: most major exchanges are KYC-compliant, so governments already have a paper trail of who bought what.
If a "surrender your BTC or face prison" law passed, what realistically stops them from enforcing it?
Is self-custody + non-KYC the only real hedge against this? Or are we already too deep into the regulated system for it to matter?
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