I fear that crypto already has been breached, and is controlled and manipulated by the 'banks'.
Since crypto is theoretically unstoppable, instead of fighting against the system, they could simply have obtained a large amount and
can keep the price controlled, and never allowing an outbreak bad enough to damage their system?
Crypto can be stopped, not only theoretically but practically, If every government rule against Crypto currency, there will be no one to use them and the market will be disappeared as we know it.
with 'banks' I'm referring to the banking industry/very rich people in general, who one way or another
profits from the current economical model, often by being middlemen, or 'earning money from nothing'.
By ruining the reputation of bitcoin/crypto in general, the average person would likely never touch it.
If p2p currency ever was adopted worldwide, it'd be a huge change for the current economical model, which of course, many top players wants to prevent.
Problem is not with the currency , or governments or banks, but the USERS, when they mis use the system governments have no option but to stop people from using it , as much advantageous that crypto is Decentralized, it also the biggest weakness, without a way to track, few people / not more than few use crypto for illegal purposes and that is wrong in every way.
What are the things that could happen? What are the alternatives?
Creating a new currency wouldn't work, if we assume that the banksters would be aware of it and therefore they could get a controlling part of it.
So we're 'stuck' with bitcoin, and can only hope that the coins itself are spread enough to not be controllable?
The best option is make a system that is traceable by at least some responsible officials or organizations, not making a system that is completely decentralized. many people say it's a advantage, but that is the downfall of crypto , humans need some sort of control over them otherwise they are tend to go wild. so as much as we love decentralized system, there must be a way to track who used transactions for what. that way it will be positive for crypto users in the long run.