I am also certain that government regulation has just begun. I read today that the SEC ruled that cryptocurrency offerings (ICOs) are now subject to their regulation.
“federal securities laws apply to those who offer and sell securities in the United States, regardless whether the issuing entity is a traditional company or a decentralized autonomous organization, regardless whether those securities are purchased using U.S. dollars or virtual currencies, and regardless whether they are distributed in certificated form or through distributed ledger technology.”
KYC regulations make all the arguments that cryptocurrency is anonymous void. Absent authorization of government, value transfers aren't possible between known entities subject to governmental power.
BTC is not itself capable of precluding governmental control. Those people that possess the majority of BTC aren't going to refuse to obey governmental regulations because doing that will make their BTC holdings worthless.
If you want a cryptocurrency that is immune to governmental control, it needs to truly be cryptic - that is, unknown. Since unknown currencies aren't useful, as monetary systems require participants to exist, and participants that aren't aware of the currency can't participate, there isn't such a currency.
well, tell that to the tinfoil vigilante
LOL we just did.