You guys seem to think regulation is some kind of option. It is not. There will be regulation no matter how you feel about it. If you feel that destroys bitcoin, then sell yours to a grown up.
Of course regulation is going to happen.
That's why we should work to nullify it via code - design our systems to be immune to regulatory attack just like the filesharing space did successfully.
I personally oppose most regulation and use all manor of privacy software, however once you involve fiat money you run into existing law. There is the rub. You don't "own" dollars, you have the right to use them. And there are all sorts of laws about how you may use them.
We could choose to not engage with government, but what would happen? Countries around the world would try banning it's use and eventually it may be seen as simply a tool for crime. I think it is much wiser to develop our own approach to address their concerns and shape future regulation.
I support anyone's right to disagree. Anyone could form a group of like-minded peers and make an attempt to give bitcoin a special legal status that can disregard laws. A status that allows you to receive stolen goods or transfer money around the world with no need to obey international agreements. But I don't think it will work.
EDIT: @NorbyTheGeek Well said sir.