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Absolutely wrong. With the current limitation of tx it would take the whole world almost 50 years until everybody will at least own one UTXO. So that everybody can spend this only once will take another 50 years. Bitcoin as is, is a very longterm freedom project. That's why state licenced companies build the KYC custody scaling layer now. It won't be better than the current fiat standard. Inflation tax will be still possible through the issuance of IOU (paper BTC). The transparency will guarantee an uptake in overall taxes and as the exits will be even more barred than today there's no getting around higher taxes.