- The government's not going to have an official true cryptocurrency where anyone with a computer and an Internet connection can just generate a private key and anonymously send / receive coins.
- The system won't allow an address to send / receive coins without approval from a government key, and that approval will only be given if the government's gotten a name / SSN / real-life identity to associate with that address.
- The system will provide a function where a government-controlled key can freeze any address's ability to send or receive funds.
- The government's going to say "But we need to take a stand against terrorists / Russian oligarchs / drug kingpins" and then it ends up being used against successively lower and lower degrees of criminals, such as money launderers / tax dodgers / deadbeat dads / unpaid parking tickets, and eventually ends up targeting ordinary citizens.
- The government's not going to have an official true cryptocurrency where anyone with a computer and an Internet connection can just generate a private key and anonymously send / receive coins.
- The system won't allow an address to send / receive coins without approval from a government key, and that approval will only be given if the government's gotten a name / SSN / real-life identity to associate with that address.
- The system will provide a function where a government-controlled key can freeze any address's ability to send or receive funds.
- The government's going to say "But we need to take a stand against terrorists / Russian oligarchs / drug kingpins" and then it ends up being used against successively lower and lower degrees of criminals, such as money launderers / tax dodgers / deadbeat dads / unpaid parking tickets, and eventually ends up targeting ordinary citizens.