Comment Re:Nope (Score 2) 537
The government can "take over" by passing laws that make it illegal to use or exchange bitcoins unless they are registered or have some other control feature. Private money is not illegal in the US, but it doesn't have to stay that way. That wouldn't stop the illegal usage of bitcoins, of course, but having the government go from indifferent or passively hostile all the way to actively hostile will be a serious problem. Even drug traffickers need to get their eventual profits into state-sponsored money for it to be useful for them. If they didn't, they would have created their own monetary system decades ago.