I made this comment about 3 days ago and it's fully applicable here:
I think that many have underestimated the damage that the SEC did in declaring cryptocurrencies to be "stocks" (as in property). This was basically authority telling the crypto industry that the USD is the only viable currency. This move brought in crippling consequences for each purchase or sale of crypto which now includes capital gains tax.
Then there are those of us who are still slaves and can't make the move to be truly free signing up for services such as taxbit which gives authority more information from which to extend KYC into the crypto ecosystem and strengthen the power of chainanalysis. These tentacles will reach into the deepest crevices of the network and could cause everyone to "fall in line".
This is why I think it's up to the third world (those excluded from the banking system) to take this up (despite Vitalik's comments to the contrary which are currently true). We are very much on track to become completely locked down in the west, probably for at least a generation. This is at least until the average person understands the reason centralized IT is insecure.
Authority does not care if it makes victims of all of us by creating large honeypots of data (see Best Western and Equifax data breaches). The solution is to distribute data back to the source so that hackers have to hack 500 million machines for each individual record, rather than just once for 500 million records.
Instead they want you to sign up for Norton / Lifelock while they are granted the right to spew your private info all over the darknet with impunity. Your best bet now is to keep your credit score low (declare bankruptcy) so that your info can't be used by identity thieves to apply for credit in your name. I suspect that getting a credit freeze will not be enough to protect you, since that info will sometimes be enough to unlock your freeze, which creditors are all too happy to do because they want anybody as a customer (even if it isn't you).
DEX's seem to be our only hope now to avoid book of revelations consequences.
I think an economic breaking point is coming in the next decade which will force changes in national fiat and legacy banking systems. Hopefully crypto will be ready to take over.
Exchanges like Bisq are one of the few hopes to bridge fiat and crypto together///