In reply to ozlanthos.

I don't think your argument makes sense. What government regulation kept car companies from producing a car that gets 100mpg. I think the stronger argument is that planned obsolescence and intentionally limiting efficiency to increase product use and turnover is the culprit there, but that has nothing to do with government regulation.
Big business need regulation to make sure that illegal funds aren't flowing through legitimate businesses. A large financial institution has tons of Anti Money Laundering practices in place and for good reason. So if a large institution wants to transact with bitcoin they need to track that revenue stream same as any other. It's not about the government picking winners and losers at all.

In any case, no one is regulating private individuals exchanging bitcoin any more than exchaning cash is regulated, which was your original gripe. The idea that govenment is keeping innovation from happening for the benefit of incumbant businesses seems misguided. What government regulation is keeping down biofuels and solar? The Energy Policy Act of 1992 actually addresses the need to study biofuels and help facilitate implementation rather than stifle it - so I don't see how your argument makes sense.