I do not think so UNLESS it is EFFECTIVELY regulated by governments. You know, it is an innovation that comes with so much legal issues because it knows no jurisdiction to speak of. It actually encompasses and surpasses all States I know of, and guess what, it very well penetrated a good number of the populace. The encryption it was made of makes it very technical and thus difficult for governments to trace transactions for proper regulation in terms of identifying criminal activities (money laundering, drugs, and etc.) and taxation. If all data is heavily coded, it will be harder for the governments, respectively, to monitor all the aforementioned. If there is no proper taxation, for instance, how can governments sustain its cause? The effect would clearly be chaos as I see it. Imagine a world where people at large are given so much power in terms of how they handle their monies across borders? How dangerous that is.