Do all governments think regulation is their primary job?
The bitcoin economy seems to have developed pretty well without (or because of) the government not intervening.
Gov regulation will happen, the mainstream wont use bitcoin without it so as long as its "reasonable" regulation we all get rich and have extra resources to create bitcoin 2.0 to move the goal posts further.
I agree. Mild government regulation will likely cause bitcoin to get an additional amount of legitimacy and will cause increased levels of adoption.
Depend what level of regulation is imposed to BTC? If taxed a lot, it would be a burden for the development of btc.
I had specified that mild regulation would be necessary. Additionally regulation and taxation are two separate issues. In the US at least it would be very difficult to impose any taxes on bitcoin that do not have the same type of tax for a fiat based transaction. If this would be imposed then the taxing authority would run into equal protection constitutionality issues.
Regulation and taxation might be different, but given the government's past track record, taxation seems to be the end result that they pursue.
I don't see any problem with taxing bitcoin as long as the taxes are not unique to bitcoin - meaning that any taxes that are paid on bitcoin transactions are paid on any other barter transaction and any fiat based transaction when applicable.
