Thanks for these insights, @acesontop!

Actually, everytime I hear of a new cryptoban (like in China & Russia) or a new "regulation" framework being adopted (like in India, with the same goal of putting cryptos under control of centralized political structures), I go back to Eric Voskuil's theory about the BTC expansion - which I'd say is applicable to all first generation autonomous cryptos, the ones genuinely attempting to run in a decentralized fashion.

Voskuil wrote some years ago: "This conflict between state and individuals for control of money will pass through up to four phases anticipated by the Bitcoin security model. These may overlap and vary regionally, but are each clearly identifiable.

Honeymoon Black Market Competition Surrender"

We're now entering the Black Market phase, where the States coertion - including in the United States - will make us come back to "the roots" of purely peer-to-peer and privacy protecting crypto networks.

The Fed seems to be ready to launch its CBDC this year, or at most in 2023. Voskuil forecast it too: "As states collaborate to protect their monies, this may become a global "War on Bitcoin". This may coincide with adoption of an official new money, i.e. Fedcoin. The objective would be to appear to embrace a "safer" money than Bitcoin while retaining the seigniorage and surveillance advantages of electronic fiat."

That's why I've never accepted any KYC, and have a huge confidence in Hive as an infrastructure built to resist even the physical seizure of a part of the Witnesses servers.

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