When regulation comes into force, take note of that last word, force, force will be used to enforce it.

Secondly, because they know they can't stamp it out, the approach they will take is, if can't beat them, join them. Governments worldwide will introduce their own national cryptocurrencies, or, push a one world crypto, a'la, cashless NWO.

However, while you have given examples of the pushback that governments execute, a more relevant example is file sharing. Drug usage and dealing requires the exchange of physical substances. Crypto, like file sharing, is digital, virtual. While they may have taken down Piratebay and the like a number of times, Silk Road and jailed a few people, it still booms.

Look at Game of Thrones, the most pirated TV series ever. There is nothing they can do to stop it. As you said, when people want something, they'll get it. The fans of this show certainly fall into your average citizen class.

You have not fully addressed the point of demographic. You mention ma and pa with family along with the grandparents who still don't even have a clue about VCRs. But, you did not address the bulk of crypto users, 15 - 35 year olds. These people grew up with technology. The law makers are struggling to understand and control technology.

The law makers have already lost. It is not only technological r/evolution, but also a generational revolution. We're talking about the same demographic that doesn't give a damn about copyright and the illegality of downloads or other forbidden digital fruits. Once they have the taste of crypto and what it can do for them, there is no going back.

Certainly we are in for some hurly burly in the next few years as the banksters and goverments struggle to remain relevant. But just as the Catholic Church tried with force to stem the revolution of the printing press which fired up the reformation and failed trying, so too will governments and banks ultimately fail in regulation and enforcement thereof and also become sidelined.

The times are a changing.