Quote from: Paisleyvn on June 24, 2021, 06:04:06 AM

I'm currently receiving some of my income in BTC, and I'm just holding it because I expect it will go up long term and so it is my savings.
But sometimes I'd like to be able to turn it into fiat for daily expenses. I can't yet pay my rent or buy my groceries with BTC (hopefully one day! but not today and not in the near future).
With banks in some countries blocking transactions from known exchanges is there a worry that one day it will become impractical to turn the BTC into fiat? Either just very hard to do, maybe street-corner-deals or at risk of getting your bank accounts frozen?
Do people think about this and have plans to work around these kinds of banking barriers? Or are there ways around it already but I'm not aware?

Even if the government could block every single way in which you could turn your bitcoin into fiat currencies there is still peer to peer trading done face to face, this is impractical for your everyday transaction but it could be done and you could still convert your bitcoin to fiat that way.

I am not really worried about this because slowly but surely people are beginning to accept bitcoin directly and once this is done regularly there is no amount of regulation that will stop it, so if anything at that point we will wonder why convert bitcoin to fiat at all.