I think the OP may need to put a little less "conspiracy sugar" in his morning coffee.
The "big institutions" can create all the blockchains they want with all the taxes and government oversight they want... and the various governments of the world can do the same... and everyone can feel free to ignore them and continue using Bitcoin (or whatever new and improved cryptocurrency that comes along) that remains decentralised and without the taxes etc.
AGREED!
The op is stupid.
Nobody will use any other crypto currency as widely accepted as Bitcoin because the services, vendors, relators, beepi.com overprice.com godaddy.com purse.io (thus amazon.com), and point of sale services do not exist for other crypto currency! So Others will not grow or be used.
If others are taxed or controlled by government, then that is MORE reason people will stay with bitcoin and NOT adopt the others. No matter what the government says, they cannot stop bitcoin anymore than they can pass laws to stop the sale of Alcohol or drugs. Those still sell and sold when illegal. Right or wrong, they sell.
All these people are stupid if they think there can be a tax on bitcoin, or if they think the NSA can track everyones bitcoin down to the exact owner or how much they had.
Simply because anyone can open a bitcoin wallet at any moment, anonymously, keeps bitcoin anonymous if someone puts any half ass effort into it.
I have over 102 bitcoin right this moment, so unless these idiots have more than me, maybe they should shut up with all their idiot talk.
that is a strong argument. you have more bitcoins then me, so you must be smarter then me.
so it should be easy for you to explain me one simple thing.
at some point you will want to use your bitcoin, because if you do not, then what is the point in having them.
let us say you want to buy a car. how do you do that?
with your real name? a fake one? or maybe even anonymous?
how do you explain to the government where this car is from and how you paid for it?
because if you can not explain it, they will have to assume you are involved in some kind of crime.