I don't think it takes too much of a crystal ball to figure out this strategy is a bad idea. Conversely, I hope all of our foreign friends remember to send a few bitcoins our way for putting this generous gift of a multi-billion dollar finance industry into their laps.
Yep we mishandled it certainly... When there is a new technology which is about to change the face of the planet, the usual response is to bring as much of the industry for that tech into your own country.
The US response has been the opposite. I suspect later generations are going to regret it.
As a wise man once said, they laughed at Galileo, they laughed at Einstein... and they laughed at Bozo the Clown.
Exactly, "they" can't tell the difference between Bozo the Clown and Einstein. It's very hard to predict what ideas or technologies will be adopted in the future. I don't think it's wise to quickly dismiss one that's already progressed this far (the DHS isn't laughing).