However bitcoins main reason for success thus far is the fact that it is a challenger to governments and central banks and can not be shutdown/turned off by anyone government because of its decentralized nature. Governments would have killed bitcoin years ago already if they could do it. A political dispute might affect the price of bitcoin in the short term however, Political disputes can not shutdown bitcoin. Bitcoin challenges governments and central banks power. Bitcoin does not answer to no one.
But yet the bitcoin community is always waiting for the largest governments of the world to give their thumbs up "regulation" approval first.
Its like waiting for your wife to tell you "its ok if you have sex with other women" Makes no sense to me. People all over the world should be rushing to get rid of their government manipulated fiat money.
Just my 2 satoshi worth!
Unfortunately, that is the reality that we have to live with and for me, I think its not about government but the people who are currently operating in the market that felt they can do anything. Imagine a newbie trying to understand and invest in the market only for him to get scammed by people. Who do you think he would report to? Nobody other than government agencies. Another example is when people keep their funds on exchange sites for trading only for the people there to compromise on both integrity and security leading mass losses on the part of clients, who do you think they would complain to, government agencies of course. I have been scammed before and I know the feeling and the worse is feeling helpless that the culprit will go free and look for the next victim to rob off his hard earned resources.
The clamour for regulation is more of accountability and not control. Its true that crypto is coming to compete against centralization that thrives in the world today but it does not remove the need for people to be held accountable for their actions and if there is a way to figure out that without government, I am open to it. If there is a way we just want to do our trading with certainty, gamble and not be conscious of someone manipulating the process behind the scene, ready to pay tax on earnings all of this without involving government, then I am sure alot of people would be open to it.