>"But seeing all governments are looking closely to regulate the coins, I believe it will be locked down just like the credit cards."
The Bitcoin crowd is adamant that no government can regulate Bitcoin. They are correct in the sense that Congress is unable to pass a law dictating what the Bitcoin protocol must do, and that as a decentralized network people are free to follow whichever fork of Bitcoin they choose.
However, they have not given much consideration to the fact that governments have full authority to regulate those that use Bitcoin. In other words, no government needs to change Bitcoin. All they need to do is dictate what the lawful use of Bitcoin looks like in their jurisdiction. There is nothing stopping a government from declaring that all wallets owned by their citizens must be registered, and that all transactions must be voluntarily reported to the authorities. In the context of this article, I doubt that a government would prohibit the sale of these games, but I agree with your assertion that the government is likely to start locking down cryptocurrencies in some way that impedes privacy.
> There is nothing stopping a government from declaring that all wallets owned by their citizens must be registered, and that all transactions must be voluntarily reported to the authorities.
This would likely drive capital and the fintech companies and financial institutions behind it to friendlier countries and more welcoming markets.
The Bitcoin crowd is adamant that no government can regulate Bitcoin. They are correct in the sense that Congress is unable to pass a law dictating what the Bitcoin protocol must do, and that as a decentralized network people are free to follow whichever fork of Bitcoin they choose.
However, they have not given much consideration to the fact that governments have full authority to regulate those that use Bitcoin. In other words, no government needs to change Bitcoin. All they need to do is dictate what the lawful use of Bitcoin looks like in their jurisdiction. There is nothing stopping a government from declaring that all wallets owned by their citizens must be registered, and that all transactions must be voluntarily reported to the authorities. In the context of this article, I doubt that a government would prohibit the sale of these games, but I agree with your assertion that the government is likely to start locking down cryptocurrencies in some way that impedes privacy.