You do? What is the purpose of cryptocurrency if you are just going to convert back into cash the moment you use it? I think the end goal for cryptocurrency is to create a circular, P2P economy[0][1]
Seems pretty difficult to regulate only some cryptocurrencies if it's already possible to anonymously and trustlessly swap between them[2]
If they don’t comply, you tell the registrar/host/ISP to shut them down, then they don’t have a website anymore.
The point is that at some point real people, subject to laws and regulations, will have to touch the thing you’re buying. If you’re buying a sandwich, it doesn’t matter the guy making the sandwich accepts crypto if the government can put them in jail for doing so.
Regurgitated “fiat” meme.
Counter-example 1: buying services over the internet. What fiat and where is the relevant border?
Counter-example 2: go overseas and use services. What fiat and where is the relevant border?
Arguments about fiat and borders are often silly. However, a jurisdiction can make crypto illegal or risky.
A government can make it arbitrarily hard or illegal to do that.
There will be cases in which a weak state economy can become bitcoinized the same way some have become dolarizesld, but for strong states it is easy to make the border between the currencies as tight as they want it.