Sure, you can move it, but can you spend it on physical goods? Bitcoin becomes rather useless to me the moment I can't turn it into gold or US dollars in my bank account or spend it at Overstock. And the US government controls the systems that an exchange would have to use to turn sold crypto into funds in your bank account.
That completely defeats the safety and anonymity aspect. Also, once the government starts cracking down on it what makes you think the people who advertise they'll trade it in person aren't uncover Feds or banditos?
It's essentially impossible to outlaw metal. It is used for everything. Silver and gold have uses as well, and copper's value is huge in the technology era as well.
But stopping people from using an invisible currency with no physical backing?
Sure, you can move it, but can you spend it on physical goods? Bitcoin becomes rather useless to me the moment I can't turn it into gold or US dollars in my bank account or spend it at Overstock. And the US government controls the systems that an exchange would have to use to turn sold crypto into funds in your bank account.
Trade it in person, just like metal.
Its not metal vs crypto, its metal and crypto vs fiat
So... Who's going to buy it?
You sell it to a gold/silver broker, a pawn shop, someone else, etc.
They can still convert it elsewhere, exchange it if you will, for a currency that can be used to buy goods.
If exchanges are stamped out, who's going to buy it from you? Neither of you would be able to convert it.
It's like plugging your ears and go "lalala" because the concept is neat, so you won't hear any criticisms about it.
Why would I tell a fed where to buy and sell crypto IRL?
Is crypto tangible?
Is God tangible? What about WiFi? Or freedom?
It's OK if you are slower than the others, but you should try to keep up, and don't pretend you're faster.
That completely defeats the safety and anonymity aspect. Also, once the government starts cracking down on it what makes you think the people who advertise they'll trade it in person aren't uncover Feds or banditos?
They might be, but that's true of metal dealers as well. You have to think for yourself.
It's essentially impossible to outlaw metal. It is used for everything. Silver and gold have uses as well, and copper's value is huge in the technology era as well.
But stopping people from using an invisible currency with no physical backing?
Yeah that's child's play when you're a tyrant.
If it starts free falling it's probably taking every fiat currency with it and nobody will want any of it.