Given the difficulty in tracking and prosecution, this is likely hot air for the individual user. However, they could choose to mess with the centralized failure points, like the exchanges.
I may need to take account of this in my series on how people are over-calculating taxes on their Steem rewards. I hope I don't have to start making edits.
The whole thing is frustrating for me because I view cryptocurrency as an escape out from this regulatory hell for those who want to build, innovate, and thrive.
It may be hot air, or it may be an excuse to throw anyone in a cage who is working on practical solutions to make government more irrelevant.
Yeah, you said it. They're never going to simply "let" us have an escape from their regulations. At best, we'll have to argue it in court...and that's a real best-case scenario.