Hey steemians,
apart of ripple we don't have other big currency that are already managed by the government and i think the vision of a decentralise blockchain as nothing really to do with third party institution that control the power. But if in the future more regulations will come in, probably ripple would be a very good option to adopt.
But here is a Q&A session that i found VERY Useful that explains and give insights about regulations and how the government will interact with this blockchain revolution. Give me you feedbacks and the end and if you think he is right??
What prevents governments from taking control of exchanges, just as they have seized gold in the past? Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin. This talk took place at the Silicon Valley Bitcoin meetup on April 11th 2017 at the Plug and Play Tech Center (@PlugandPlayTC) in Sunnyvale, California: https://www.meetup.com/Silicon-Valley...
Those are the main points that are brainstormed in the video and i hope you appreciate this synthetic list:
- Goverment can take over centralised exchanges, but a significant number of people do not store their bitcoins on exchanges long-term (your keys, your money), so that would not enable them to control the network.
- They may come after people who they can see have bought bitcoin from exchanges, but that will just drive the entire economy underground. Rather than simply buying bitcoin with your bank account, you will have to barter or offer services and be paid in bitcoin. Anywhere that bitcoin is banned, the spread will increase.
- Premium prices and smuggling.
- Until the levels are equalized, the more it will continue to flow into a giant underground market. Foreign currency controls. Russian history. Bribery and corruption. Venezuela and India examples of Gresham's law. DEA agents stealing bitcoin from the Silk Road, Ross Ulbricht case. Making a mockery of the law.
- If breaking the law is the difference between feeding your kids or watching them starve, no one gives a damn about the law and nothing will stop them.
- Let them go after the exchanges, because they're going to create exactly the premium that's going to drive an enormous black market. "Black market" is just another word for 'unofficial' market.
I hope you found it interesting and looking forward to your comments to discuss!
Happy steeming,
Francesco
You can watch the full talk here: 
Some related work that you MUST read that i think is necessary to understand the situation today:
- Alternatives to centralised exchanges -
- Why I earn bitcoins instead of buying them -
- The Currency Wars and Bitcoin's Neutrality -
- Hot vs. cold wallets -
- Coinbase vs. the IRS -
- The separation of money and state -
- Will Bitcoin survive global government intervention and regulation? -
- How will the currency wars affect companies? -
- Global financial crisis (GFC) -
- Remittances and smuggling in Venezuela -
- Can cryptocurrencies support terrorism? -
- A voluntary alternative to mandatory currencies -
- Why we should resist financial surveillance -
- The revolution in trust -
- How much bitcoin do you have? -
- Price premiums and arbitrage -
Andreas M. Antonopoulos is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.