re: Why bitcoin is worse than a Madoff-style Ponzi scheme

I understand what you're saying, I'm not openly disagreeing with you just fostering a dialogue on what the government can and what they cannot do. What they will do is an entirely different discussion and I think at this point arguing that a western nation is going to ban the usage of crypto rails full stop is nonsense.

But in regards to the efficacy of a ban: plenty of nations tried banning Bitcoin and yet saw adoption increase after the ban because the network is resilient and trustworthy and users trusted the digital assets more than their native currencies and the crypto rails more than their native banking rails. It's all about supply/demand and risk tolerance and if a third world nation squeezes too hard by inflating their sovereign currency the demand will be there for an alternative to avoid stone age barter. Crypto rails afford these people the chance to be their own bank and not rely on corrupt governments or institutions to retain their value.

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This is true of lots of illegal things and transactions.

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eh, not to the level of digital assets where I have to click like three buttons and copy/paste an address to send them across the world in a second.