If there was an alternative currency (paper money) unregulated by the Government would you use it?
I wont use it that paper money. We use fiat paper money because we trust on our government. No authorities can issue paper money without approvement from government
As long as it even comes to that, it becomes illegal pretty fast and there is no way government will even allow that.
In that vein, who is controlling it ? Just someone from somewhere who could just get greedy ? No way! The main reason why paper money has been the way it is till date is that the government issued it and anything outside that is even unacceptable.
The reason we are having digital money in place now is because it is accepted by people and unfortunately government were not the ones who came up with the idea in the first place, otherwise, they would have managed to keep it under their own control.