"before it is taxed to hell and the regulators become more entrenched"
This is where power of democracy comes into play . For a term , yes it can be heavily taxed - even that will be challenged in court of law . But next term will be tough for such regulations because bitcoin is good for the state , for the economy and for the people . The way I see it, it is as if people are opting against uncontrolled printer . In a way it is a powerful vote for getting back to fiscal discipline.