Because let's face it, governments can lose their income and lots of power
to bitcoin, and they can easily just say "no" to BTC.
as long as governments keep their legal tender laws and minimum wage laws. they will still keep the FIAT circulating. also when people buy bitcoin, someone else equally sells theirs. so again FIAT does not disapear, it simple changes accounts (again circulating)
Yes they could legalize it, but ,in that case, very likely Bitcon will be taxed and regulated to death anyway.
bitcoin is not the property of any government. governments can only tax their own property. that being FIAT and fossil fuels they purchase.
The current financial world will also lose a lot of business to BTC, and they won't sit back and do nothing.
Keep in mind they have loads of political power.
when people buy bitcoin there is a equal person selling (yes im repeating myself) same goes for merchants. when they cash out their bitcoin back to fiat. somewhere along the line someone has cashed in. thus there is a balance.
The only scenario where I ever see BTC to succeed, would be if gov's go on to ignore BTC for years and years...
In the mean time BTC would need to become so mainstream, that banning it would mean economic shutdown
for a country. But I don't see govs waiting that long..
you seem to be under the delusion that bitcoin needs to take over and replace FIAT. bitcoin can work along side different countries FIAT. even if in the future there was just a 2% population uptake of bitcoin. this alone would be far far far higher then the numbers today and the usefulness would be soooooo much greater. it does not require 100% uptake to be mainstream.
Every other issue like, volatility, ease of use, hot wallet vulnerability,... I is gonna get solved as time goes on
but that's not enough...
what does Bitcointalk think ?
i think your stretching the issues far beyond exaduration, i think your worrying about things that need not be worried about and i think that bitcoin has no reason or potential to die. users will come and go. but bitcoin will live on