Providing banking services to people who are unbanked for political reasons is one of the main advantages of crypto imho. This is something you can get hit by in so called democratic countries as Canada demonstrated last year. https://www.businessinsider.com/trudeau-canada-freeze-bank-a...
This is not true at all. If the government doesn't want you to do something with your money its only a matter of time to catch up.
So you got untouchable by the banks because you participated in a political uprising that failed? You think that crypto will save you? Think again because it's only matter of time before the government makes it illegal to accept payments from that alternative payment method or from you directly.
The only thing that works is hard cash. The electronic stuff don't work because they by design work by bookkeeping(remember the ledger on the blockchain) and when there is a bookkeeping there are ways to trace and prevent. Oh you will use a coin tumbler? Money that went through it automatically becomes unusable. You will use somethingprivacy oriented like Monero? If the origin is untraceable its illegal.
Laundering money is getting harder every day. It doesn't matter if you agree or disagree with the motives, if you live in a society that agreed on how the society should work and they decided that certain activities are legal and certain taxes must be paid you will squeezed out. The wealthy are still finding ways but the wealthy are not unbanked, they set up shell corporations, move cash with private jets etc. Crypto was another opportunity but once it become large enough it got noticed.
The government can also make the use of cash illegal. They can also put a huge dent into encrypted messaging by sending anyone caught using straight to the electric chair. They can drag you out of your home at night. (So can your neighbour for that matter).
The argument was never that crypto is some kind of magic shield against bullets. It's simply a tool. It raises the cost of certain kinds of abuses for the state. In the balance between the individual and the state, it shifts the power, ever so slightly, to the former.
And the people who got their bank accounts closed will move to using bitcoin and live their lives? I guess maybe 10 (non-homeless) people can do that. It seems like all of these crypto-bullish scenarios are made up by 20-year-olds without analytical ability and with very little adult life experience.
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