One of the most interesting implications of this is that it is a slight vindication of the bitcoin maximalist "bitcoin fixes this" mantra. If a government can't exercise control over your unit of account, it doesn't matter what they sanction.
Of course the "bitcoin" that "fixes this" isn't the one we have in reality -- you can't use it widely and cheaply to transact and it's so volatile as to be useless as the unit of account for anyone with more than a few thousand $ nw.
Of course the "bitcoin" that "fixes this" isn't the one we have in reality -- you can't use it widely and cheaply to transact and it's so volatile as to be useless as the unit of account for anyone with more than a few thousand $ nw.