Bitcoin will have already served its role as the onramp to unregulated decentralization technology innovation.
Any non-fungible cryptocurrency with white and black lists is a permissioned ledger by default. As I said before, the govt is going to create an alias system wrapper that goes around bitcoin and force everyone to use it by law or be considered a criminal launderer. They will then eventually do the old switcharoo and divorce the alias system tokens away from representing bitcoin into being IMF coin or something. It's far more likely the govt co-opts bitcoin and turns it into the cashless society slave system rather than it acting as an "on-ramp" to freedom.
It's plain as day to see what's going to happen with laws like this coming out in Japan:
"Only approved virtual currencies by the authority are considered legitimate and can be traded, sold or promoted to public"This means govt is the legal arbitrator of forks. The US, UK, and EU will hold a meeting and all collude saying only the fork with chain anchor or worse is the real bitcoin! Since they can easily control the exchanges and mining pools, people will be forced to use that fork or have their coins become worthless. The only reason bitcoin isn't illegal is because they know how easy it is to co-opt and morph it into their cashless society control grid.
Keep in mind that while I am NOT a programmer, I continue to have my doubts re BTC (and its critical on- and off-ramps) can survive a determined attack by
.gov, especially should they all act in concert (likely sooner or later). The "Big Rhino" (US government) employs smart and determined people too. Many of these .gov employees RESENT the freedoms that we still have in cyberspace. It will likely get harder and harder to maintain privacy & financial freedom...
If it becomes sufficiently burdensome for "the masses" (I am one of them) to buy and spend BTC or other cryptos (got to have that gold delivered somewhere), that would never mean mass adoption.And that, dear readers, is why I stay diversified. You never know.