there's a difference "healthy" as per the philosophy of $coin and "healthy" as it relates to a market. P2P Bitcoin with no exchanges or ACH-based fiat offramps

there's a difference "healthy" as per the philosophy of $coin and "healthy" as it relates to a market. P2P Bitcoin with no exchanges or ACH-based fiat offramps will reduce the number of coin holders to probably what it was in 2011. That in turn will reduce the credibility of the currency and overall market liquidity as there are so few holders that would be willing to accept it as a medium of exchange. This is playing out right now in Russia, which accepts INR for oil exports, in a bid to limit the dollar's influence.The problem this has created is that Russian banks are flush with Indian rupees that aren't accepted by other vendors. Everyone takes dollars and euros and yen, but the INR isn't considered as portable.