That is the least true thing about BTC.
Curtis Yarvin wrote in 2013: Bitcoin dies in two very simple steps.
1: A DOJ indictment is unsealed which names everyone on Planet Three who operates, or has ever operated, or perhaps who has ever even breathed on, a BTC/USD exchange, as a criminal defendant.
The charge: money laundering. The evidence: the defendants knew that BTC were used for organized criminal activity. Therefore, they knew they were transferring money for criminals. This is quite simply the definition of “money laundering.”
(Obviously, prosecution under our modern “rule of law” proceeds according to these broad definitions, without regard to any specific technicalities. For instance, Aaron Swartz downloaded many more papers from JSTOR than JSTOR wanted him to. Therefore, he used JSTOR’s computers in a way that JSTOR didn’t want them to be used. Therefore, he could be prosecuted for “computer hacking.” Indeed he seemed to sense this when he put his bike helmet over his face and ran from the police. The details? They might have mattered, at the trial. But of course there was no trial.)
2: The BTC/USD price falls to 0 and remains there. BTC are permanently worthless. Everyone who was involved in the Bitcoin market and was holding BTC when the indictments were unsealed feels burned. Everyone who got out feels lucky. Many who escape prosecution, in fact, feel lucky. And BTC is remembered as an epic bubble.
3. Because every transaction is traceable, you lack annominity. If the government ever controls the data base, it just become a visa card.
That would be true if the government said it was money. But it's a commodity and we (properly) pay gains taxes when it is traded for a different commodity or sold for cash. All those transactions are easily traced.