yes you are right and this will forever limit crypto currenciess to some extent. most people prefer chargebacks/fraud control that is in place because most people live ordinary average lives and dont come across a chance to double their life savings in a prediction market but are shutout.... i can give you 1/2 a dozen ways how capital control fucked me and i have to pay taxes to support it. Most 9-5ers never deal with such things. i'm not even talking about illegal stuff, just dealing with $$ markets. capital control is the single best way to control citizens. this is not a tax rant either.
So true. I get that argument even from people who have low trust in any government and keep gold. They say... So... if my bitcoin stops working... who do I call?
And I'm like... unless you leak your password / private key it won't stop working. And they keep asking... well but who can I talk to if I have a problem?
And the other examples I get - A friend flies to Europe for $4,000 ticket. Then they mess things up. Guess what... the credit card covered the flight and fixed everything. So to the consumer don't really understand or see the 2% the credit card companies charge the merchants. And 2% is a shit ton especially if you are on a tiny margin. To top it off merchants are not allowed to offer discounts for cash in the stores, or they can lose their visa/MC license.