This is my train of thought. Tell me if I am wrong.
So the BTC enthusiasts swear by decentralization. In an ideal world, eveyone keeps their BTC in cold wallets, spend to buy stuff and life goes on.
So in a situation like this, how does the tax system work? Because if you don't want the government to know about the specific crypto wallets you are using to hold your BTC, then how would the govt. charge tax based on your financial activities.
Or do the BTC enthusiasts think that decentralization entails not paying tax? If so, who is going to maintain the public services, roads, mitary etc.?
Isn't a far better alternative is using CBDCs? You don't completely try to replace the current system, but at least you make use of the blockchain technology for more transparency.