Reluctantly, I seem to have become your official quibbler.

With BTC one must still engage in KYC (Know Your Customer) international anti-money-laundering protocols AND the new 1040 tax form directly makes one declare if they hold or have traded any crypto. Also crypto money movement does leave a trail so it is still censor-able in that regard.

Kraken's move is actually a recognition of the fact that banking will remain the on and off ramp between crypto and other assets (especially those accumulated under government tax and civil liability advantages). Opening a Kraken bank account is no different in terms of your definition of censorship than a traditional bank. The difference has to do with the fact that the Kraken bank will not engage in fractional reserve bank lending. This points to the most likely reason younger generations will embrace Bitcoin.

Anyone who seriously studies Bitcoin recognizes quickly that its primary value, like that of gold, is its scarcity. This entails a recognition of the fundamental need for a monetary reset. Though the chaos leading up the reset may actually hurt, in nominal dollar terms, older people who have saved compared to younger people, the older people at least have the savings cushion and the resilience to adapt a lower cost lifestyle. Younger people, on the other hand, are noticing that they have been dealt a lousy financial and employment hand compared to older generations and thus as the saying goes, "When [young] people have nothing else to lose, they lose it!" It is this dynamic that will lead to adoption of bitcoin by the younger generation -- simply their willingness to try new things since the old things don't seem fair or favorable any longer.

SGI Buddhist, Loves Irish and Latin American Literature, History buff, knows a great deal about Medicare

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