What exactly stops someone (even a government) from creating a Bitcoin2 that is similar to Bitcoin but uses different parameters? And then a Bitcoin3, and so on?
That turns Bitcoin into just one of several P2P currency-like commodities, with the government able to control the overall P2P currency supply just like they control the current currency supply.
That turns Bitcoin into just one of several P2P currency-like commodities, with the government able to control the overall P2P currency supply just like they control the current currency supply.