While there is a bit of truth to that bitcoin will inevitably need to interact with the real world, so it needs to be convertible into other currencies. This wi

While there is a bit of truth to that bitcoin will inevitably need to interact with the real world, so it needs to be convertible into other currencies. This will in the end require interaction with regulated institutions. If this were to be implemented at the bank level it would become difficult (not impossible) to get around. The way the US went after poker sites will probably be the model. While it was not impossible for US citizens to play online poker there were enough barriers that most opted not to.