That sentence alone nicely illustrates why people loath bitcoin enthusiasts.
> people don't like the costs and regulations associated with fiat currencies
I have a savings account. It doesn't cost anything. The only regulation that matters to me is that it is insured against loss and theft.
> trying to ban alcohol or drugs - people still like them, so you can never ban them
Illegal drugs are banned. Hence illegal.
> no matter what the government wants.
Governments don't "want" things. People do–and elect governments to do it. The overwhelming majority is against legalising heroin. If you believe you can run a mainstream currency with the power requirements of a small country without and not be subject to government regulation, you are delusional.
Look: Nobody is currently using Bitcoin as a "store of value". Nobody but drug dealers is currently using Bitcoin as a transactional currency. The only reason anybody is buying bitcoin is speculation, or, if you will, FOMO. With transaction costs in the double digits, and a security story worse than leaving a bag of money on a public bus, Bitcoin has zero underlying value as anything but the air in a bubble.
Illegal drugs are banned, but anyone who wants them can still get them. The point is, what the government wants and what society wants don't need to be synced.
Your argument has been said when Bitcoin was $1, $10, $100, $100, $10,000. You will keep saying it at $100,000. And no one cares - the only way you can be proven right is if / when BTC goes to $0. And if it never does, you can keep saying the same old arguments, waiting patiently forever until it happens.
That sentence alone nicely illustrates why people loath bitcoin enthusiasts.
> people don't like the costs and regulations associated with fiat currencies
I have a savings account. It doesn't cost anything. The only regulation that matters to me is that it is insured against loss and theft.
> trying to ban alcohol or drugs - people still like them, so you can never ban them
Illegal drugs are banned. Hence illegal.
> no matter what the government wants.
Governments don't "want" things. People do–and elect governments to do it. The overwhelming majority is against legalising heroin. If you believe you can run a mainstream currency with the power requirements of a small country without and not be subject to government regulation, you are delusional.
Look: Nobody is currently using Bitcoin as a "store of value". Nobody but drug dealers is currently using Bitcoin as a transactional currency. The only reason anybody is buying bitcoin is speculation, or, if you will, FOMO. With transaction costs in the double digits, and a security story worse than leaving a bag of money on a public bus, Bitcoin has zero underlying value as anything but the air in a bubble.