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?
TBH, as usual, I would say there's no doubt Bitcoin will stand by its position as of now. No coin can replace it, Moving onto your question of why governments cant establish their digital currency more like Bitcoin buddy try to understand as they are not even accepting the existing solution so why they would develop their own?
Actually, there's something called control, and that control they don't want to lose, ahh due to so-called dirty politics you know the power game. So this si the only reason they don't recognize the efficient solution.
In the end Bitcoin is Bitcoin, except Bitcoin most of the projections are just Myth. #Hodl