The value of Bitcoin lies in its ability to function despite government disapproval.
Unfortunately yes. Inflation is a form of tax that takes from income and your personal belongings, you cant avoid it and not expect a problem as it deprives gov of their needed funding. Personally I think gov should spend less but its just inevitable there will be a clash.
Also I agree this 'law' is incorrect and unworkable, it criminalises the population of users which can be said to be no problem so long as they stay a minority but it runs contrary to what most expect USA to represent.
Both China and USA are united on this as they both control personal capital of their population. The story on business could well be true, I think china has drawn the line in only allowing personal transaction. That is feasible in an exchange way and I guess helps to throttle large capital outflows
