[imtringued]

>If you're for this increased regulation fine, just understand it will push innovation and capital elsewhere in the world.

What does this even mean? What innovation did Bitcoin bring to the world other than an easy way to bypass government control? That cat and mouse game has existed as long as governments existed. This only helps if you are fleeing from a worse government to a better government. Completely avoiding governments is impossible. Even on El Salvador Bitcoin acceptance depends on the government.

Pushing capital doesn't even make any sense. What are you going to do with all your "Bitcoin" capital if nobody is trading their USD for BTC? Is the economy of El Salvador really powerful enough to counteract the loss of USA as your trading partner? USD and BTC are just numbers on a balance sheet. You still need to convince people in the real world to give up their real wealth in exchange for it. For the USD it's pretty obvious. People pay their taxes and debts in USD. If the number of people doing that is shrinking then the amount of real wealth you can extract will shrink. That also applies to BTC. It's not like moving BTC from USA to El Salvador will also move factories (you know, the capital in capitalism) there.

[mule1]

Bitcoin brought a trustless way of moving capital or digital property to any location throughout the world with no intermediary.

Today it might just be El Salvador but bet on more countries joining the network based off of the game theory of the network. This innovation is profound and will revolutionize economies in the 21st century leading to better allocation of capital and the world finally getting off of the petrodollar.