Hah, great comparison! Here's another one: the SEC is like a man trying to plug holes in a dam with his fingers. There's only so much they can do to hold back the flood of decentralization...
I'm so glad I got out of the US years ago and moved to Japan, which is a pretty crypto friendly place. Thinking I might give up my citizenship altogether someday if my crypto investments ever make it big.
If the SEC persists in being silly, I predict a lot more Americans will be introducing themselves to the wonders of VPNs. Time to go buy some more Mysterium tokens while they're cheap...
Everywhere is crypto-friendly as long as you are not broadcasting that you're holding. I use anonymous names and millions of email accounts because the things I do now will someday be illegal.
My attitude is this. I don't use your funny munny any longer. Therefore, you cannot tax me on it.
The last time I sold Dash for dollars, I met the guy at my gold dealer's place, I never touched the greenbacks, never counted them, and I never accepted them. I waited for the counting to be done and Claudio handed me my kilo of gold.
That's a sensible attitude, I like the way you think. I also try to remain as anonymous as possible and never discuss crypto at work or with friends where snooping ears may hear.
Unfortunately the weak point is the entry / exit to the fiat world. It's not really possible to live on crypto yet. To pay the bills you have to exchange to a national currency at some point. And then you run into KYC processes. I don't mind KYC so much, but what really bugs me is when KYC is used to specifically exclude US citizens.
ICONOMI is a case in point. I invested in ICNX when it was still in beta. But now that it's officially open to the public, you have to show your passport and do a video interview for ID verification. And of course they won't allow citizens of Iran, North Korea, or the United States to participate. Luckily my wife is not an American, so I can have her do the verification and just say the account is in her name if anybody asks.