Let's see the government picture.

To start this article, I will start with El Salvador. When the application launched, some users had issues with the application being offline from time to time, and others with identity threats. That is what you should expect. They offer awful services that, in the end, you can't use. The very day Bitcoin went live in El Salvador, the price dump was excellent, so it probably is for the best that the wallet is unusable so that people don't use their free airdrop.

In the United States, the SEC is messing up with Coinbase and telling them they will get sued if they try to offer lending and interest capabilities to users in the USA; of course, that is to protect Americans. The question is; what is the SEC protecting, and from what? Because Celsius and Nexo are offering services, they went bankrupt. So who is trying to protect whom from what and why? Could it be the SEC is playing favorites and only getting in the way if companies have enough money so that they can shake them up? What I mean is Coinbasee being sued by the SEC just because they have money, and the SEC wants a piece of the pie. Pretty much that will tell they are blackmailing Coinbase just because they can. I am not defending Coinbase; I am only expressing my opinions, and I don't have an account with Coinbase either.

Meanwhile, the whole Biden administration is trying to seek revenue wherever they can, and now they want to have more data from centralized institutions like banks. They want banks to tell the government our inflows and outflows for every American, which will violate privacy for all Americans. They are desperate because the ultrarich are not paying a single penny, so now the US government wants more blood from the already bleeding population. And they think that the crypto market will be their next sacrificial victim. They are coming for your crypto gains. Good thing you can borrow against your cryptos if you need cash for investment outside the crypto world. Otherwise, keep your wealth.

Governments worldwide will start to implement digital fiat because they want to have total control of the population. Once you lose the cash aspects of fiat currency, you will have a government that will know every economic move you make. China is the biggest on this because they already have digital money and a digital score, and if your score is not high or as they want it, you don't get to move around. In the future, this will be your new deal. Repeat the government line or starve to death. Right now, you agree to work, or you will starve to death, but if you are lucky, you can get out of the rat race but with digital money, we will all be just rats. With digital cash and social score, this article won't be possible because I wouldn't write it for fear of losing my points and starving to death.

The way Bitcoin has been implemented in El Salvador won't prevent that future because since it is a custodian, the El Salvador government knows where the money is coming from and where it is going. Hence, it is true that you won't pay capital gain taxes. Still, you will surely pay sales tax and profits tax because if you got your Bitcoin from selling tomatoes at the corner, your government would know that you sold x amount of tomatoes this month. You will have to pay your taxes, but if you sell your tomatoes using cash, you can tell your government you only sold $1 worth of tomatoes even when, in reality, you sold $1000.00.

Privacy goes out the window with applications like Chivo. Yet, people think that Bitcoin Core is the future when in reality, they have lost any advantage they may have, and now it is only Bitcoin Cash that will work as cash does today but in the future. I predict that in the future, Bitcoin Cash will be the equivalent of cash once digital government currencies are implemented and fiat cash disappears.

Not to mention that Bitcoin Cash works and is the natural peer-to-peer electronic cash system that Satoshi Nakamoto invented and gifted to the world. You can't be a currency if your fees are $0.05 or more, and Bitcoin Core won't be able to serve Salvadorians or any other nation as a currency, not today nor tomorrow either.