In the extremely unlikely case that Bitcoin becomes a generally accepted currency, I suspect the government will regulate it. Such regulations will most likely

In the extremely unlikely case that Bitcoin becomes a generally accepted currency, I suspect the government will regulate it. Such regulations will most likely provide a monopoly such that only certain credit card gateways and Paypal can facilitate transactions in them. Which means you're back to square one. That said, Bitcoin looks like a crowd sourced Ponzi Scheme to me, a buggy one at that.