0xdxdt
- Attempts to side-step the law (however misguided the law is)
- Trivial to do using a typical centralized database (e.g. Federal Reserver or VISA) - Tantamount to waiting for a greater fool to buy out the current players
The 3rd point is the same for any fiat currency on forex and many governments are the same as the ICO shills.
I'm not justifying them just stating that in many cases the gamble on currency is the same.
You did present a nice Strawman but I'll bite. Ok. I get asked about cryptos quite often also. So if not a digital currency like BTC then what?
Why use cash? Only criminals use cash! Really! If LE should catch you having more than x,xxx.00 in cash they should arrest you? Why? Because obviously you are trying to do something illegal. (civil forfeiture)
Trivial to do tx with 3rd parties???? What with what? PayPal? There have been no alternatives, or equivalent to cash in the electronic age to date. Including BTC. Although BTC is an attempt to provide similar means as cash (fiat) in a global digital sense.
Then again there is this which is perfectly good: https://en.wikipedia.org/wiki/Contaminated_currency