If they had control over Bitcoin they would not be taking measures like this.
(twitter.com)
😷 DEM PANIC 💉
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Bitcoin is like Facebook friends, everyone has hundreds until you need ONE to help you move.
Therein lies the key. Crypto, no matter its good points, still is not a direct means of exchange for most things people need and use - you cannot use it to buy food, gas, or pay your rent and other bills. For the most part, it still has to be swapped for another medium of exchange to pay for most things. This is the choke point that is vulnerable and can be attacked. Canada is showing us the vulnerabilities by freezing the ability of crypto to be exchanged for other mediums of currency. That does not mean that using crypto is not impossible, but it will be made more difficult to move it.
Neither is silver though at the moment, just try paying for gas and groceries with silver today.
Exactly. I was not making a statement necessarily in favor of something else. I was only pointing out some of the obvious drawbacks of crypto - but as you state, those same drawbacks can apply to other mediums as well. This should not be an argument between one thing versus another. There is no one perfect thing that can be used as a medium of exchange. They all have positives, and they all have negatives. The key has always been diversification to spread risk.