Crypto is not at all like fiat. For the people that know the technology its permissionless and cannot be frozen. The problem is that 99% of the users are not geeks and cannot be their own bank. So they use exchanges and then government regains (some) control. What we need is better wallets, better user-interfaces, decentralised and open banking accounts that provide some user protection.
You are viewing a single comment's thread from:
I was meaning more along the lines of it being intangible and conceptual.
Even if we were all geeks the government could still exact control via banning businesses from using it or making it too problematic for them to want to use. Just like anyone employed had no choice about paying tax because the business is removes it from their wages for them.