surveillance state over DAOs

Reporting rules for U.S. LLC owners are presented as evidence that the surveillance state will not allow DAOs, and that the state wants control rather than innovation, efficiency, freedom, or progress. Starting this year, all U.S. LLCs must report each owner's name, date of birth, and government ID number to FinCEN, or face $500 per day plus possible jail time. The requirement is described as part of a 2021 law, effective in 2024, meant to "stop illicit activities," and as creating a mega database of everyone who owns everything. Optimism about crypto and nation-state progress is described as having declined.