currently government only want to regulate the gateways between bitcoin and FIAT because government own FIAT, so ofcourse they should protect their property (remember fiat is an IOU, so its not actually owned by you, just lent to you).
as for bitcoin no one government SHOULD control bitcoin. but mike hearn (from what i have read) desires to make the U.S government part of the regulation of his proposed bitcoin protocol change, which makes redlisting within the client, part of bitcoin regulation.
why oh why seek out the U.S as the people that need to be involved, was my first question, there are better countries with better financial sense out there to choose. EG switzerland.. and secondly does he not know what has made bitcoin popular in the first case.. no red tape, no buraucracy...
the simple solution if any protocol changes do take place is to not upgrade the client to a version containing such code. allow the chain to fork and let mike hearn play around with his 0.1% populated protocol fork which we can name USGov coin. while we continue trading as normal on version 0.8 of bitcoin
This.
I will certainly not be going to FIATCoin
