Yeah, I'm not as convinced that the Government hates Bitcoin as much as some people think. There are basically 2 theories in the conspiracy crowd. That the government will shut it down, or that the government (CIA or whatever) created Bitcoin so that we all go digital. The latter might be true but I won't digress.

But if you are the government, the only thing you need to regulate are exchanges and maybe the technology that big companies will use to receive Bitcoin transactions. That's really it. Governments already live with a certain amount of untraceable cash transactions.

There has always been a black market of dark money that every government has had to live with. This is nothing new with Bitcoin. It just makes allows for a black market on the internet now, but its really going to end up being the same black market that's always existed. The government will still find a way to bust a certain amount of transactions and it will be the same old game just modernized.

"Blockchain" has become an overused marketing term and is starting to lose it's meaning because so many people are using it to mean so many different things. This is also true with "AI" which has been used since the 1950's to describe calculators.