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?
Yes, others are still a thousands miles far away from achieving unto what bitcoin has made as a success, they cant be as the decentralized network as bitcoin is, most of them are with the aim of making money and profits to use for their financial development while Satoshi was then busy considering what he could offer to the people freely.
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?
the government has raised many counter attacks on bitcoin but they couldn't hold because its a decentralized network and they don't know who or how to fight it, only bitcoin is the recognized digital currency for exchange and payment, others are not mostly adopted by the people.