Satoshi, in his invention of the blockchain, had given us the inch, what is preventing other bodies or organization from taking the ell? Does it mean no coin hosted on the blockchain will gain mass adoption enough to bypass the users of bitcoin?
The government own billions of population, and by setting her face against bitcoin is a competitor, but doesn't seem to prove that they're a top bitcoin competitor without having a downward course in the process. Last question please forgive me, what stops them from building a coin on the block chain that'll bypass the total sum of bitcoin users, and regulate it?
It doesn't imply that other organizations or bodies cannot surpass bitcoin success. I means, some factors come. For example btc first mover advantage and established user base make it difficult for other coins to gain mass adoption.
Maybe, governments can regulate cryptocurrencies, including potentially creating their own cryptocurrencies. Make a coin on the blockchain that surpasses btc user base would require a compelling value proposition, trust-building, and community support. For you question, it's hard to say and find solution for now, why? yeah. because, btc already existed, its user base was already large and established. Apart from that, regulations are also an important factor. So even though it might be possible in theory, in reality there are many factors that make it difficult.