Crypto's power will only be revealed when our mindsets get away from converting it to fiat to use it. If you and I trade Satoshi's for goods, and never think about converting to fiat, we're golden.

I know that CRA(Canada) and IRS (US) actually love most Crypto's because they are 100% transparent and indelible. They can download the BlockChain at any time and see all the transactions. But those transactions are all anonymous ... until you convert to fiat. Every Exchange that converts to Fiat that's based in US or Canada are registered on FinTrack and are obligated to submit all transactions to CRA/IRS. The only leverage you have is to prove whether it's Capital Gains (you purchased and then sold). or Taxable Income ... When you do the math - there are more hidden fees in the crypto space than there are in regular banks.