The implications of this are simple.
#Bitcoin is not freedom money. It's not a way to circumvent the government.

There is no privacy with Bitcoin. The IRS will know every transaction you make. And they will come for you.

Libertarians and anarchists who came to Bitcoin for the freedom, will be moving to #monero.

As the IRS starts taxing Bitcoin users, the dream that Bitcoin will make people rich or free will diminish. Long time HODLers will drop Bitcoin, and with it the Bitcoin price.

Now is the time to make the move away from Bitcoin.