Lets assume that starting in USA all bitcoin to fiat exchanges are banned. Will people be still interested in Bitcoins? I believe the applications of the blockchain are many, however, most people are attracted to Bitcoins because of its fiat value (or USD value). Deep under I believe that people are really not interested in the use of bitcoins in a decentralized platform/application but more interested in converting Bitcoins in to USD. Fiat currencies still seems to be the norm. Any ideas ??
I hope people will find someother payment option to convert their bitcoins into fiat but this will greatly affect the crypto currency prices due to fall of demand in the coins.Localbitcoins maybe the best option we have when the exchanges not offering fiat conversion and we may see more sites like that LBC if that needed.