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RE: Regulating Cryptocurrencies... And Why It Matters
To those two features you mention about Bitcoin I would add a third: Real ownership.
Bitcoin can't be frozen or seized. If you own it, you own it.
May be that's the best defense against bad laws.
Good laws > No laws > Bad laws
Given the authority, I can indefinitely freeze all BTC, even seize much of it. In fact, I can get folks to demand I seize substantial portions of their BTC holdings.
All I have to do is turn off the power. Even less direct mechanisms abound, although that is the simplest.
It is trivial to seize and freeze BTC, given political will.
Actually @angelicawtfn, bitcoin can be seized if they get you to give them your key which we might see court order people to do OR one is on a centralized exchange.
Authorities around the world have seized bitcoin.