Tell me, which authority decides which transactions are allowable and which are not? In what method do they have this control?
All I am saying is that if anyone has this authority, Bitcoin has been reduced from a free currency (the original intent) to yet another somewhat novel payment mechanism for fiat money.
I agree with you on this one. You are absolutely correct - although I think calling it a somewhat novel is a tremendous understatement, considering the multitude of its other benefits. I simply don't think Bitcoin can survive in my country completely unregulated. I believe that this is bad, but inevitable, for now. This climate will change, but probably not in my lifetime.