What is the main reason Gold doesn’t scale? Because it’s expensive and difficult to transact. 

What would be one of the cheapest ways for a nation state to kill Bitcoin in the crib? To make it expensive and difficult to transact, just like Gold. 

1. Scoop up a material amount of Bitcoin for a trivial price(from the government’s perspective)
2. Flood the network with senseless and wasteful transactions to drive up the cost for everyone.
3. Implement trusted custodians everywhere and force KYC and regulatory compliance.
4. Integrate the same failed monetary policies (fractional reserve banking, etc.) on top of Bitcoin. 

One of the main reasons Bitcoin is better than Gold is because it is possible for anyone, anywhere, to take possession of their assets instantly and with very low cost. That is what is at stake today.

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 I share @utxo’s concerns and I hope Lightning makes it. 

Bitcoin is an invention on the order of Fire. Would that more people could see and understand this importance. Ultimately Bitcoin will outlive the Regulators. It will always be possible for those with the means to take possession of their own assets, but we may live through a time of repression.