It would be the only way to get jurisdiction, so the government will back it all the way. This is NOT "good news"; It's an event marker. This is when the current system "blinks".
The Ethereum project will likely accept! They KNOW they are the BETA TEST. Bitcoin was an ALPHA TEST. People can make up all the mythology and bullshit they want!
...or you can just fork the code, and copy it. That's the beauty of it. The government and banks (and the ignorant, stupid, greedy public) will consume time effort resources "fighting" the prototypes, while the PRODUCTION stuff is being built quietly.
This is why we KNOW we have already won. This is just the start of MASSIVE amounts of resources going toward sabotaging a WORKING prototype. What will they have left when the REAL THING shows up? :D
In software development:
ALPHA TEST = Proof of concept. It works just enough to get the general idea across to other developers. IT'S NOT MEANT TO BE "PUBLIC". Many projects who have talented developers, tend to allow public testing, but this tends to be more "showing off" than proving a concept.
BETA TEST = PUBLIC TRIALS. In the lab it's very easy to reproduce results, but that tends to limit the real-world shit that can go wrong. When everyone is finished their contributions, and all their testing is complete, the developers release a TEST to the public. Google Mail was in "beta" for TEN YEARS. The general public is a GREAT resource for finding bugs. It's also good marketing for you services, if you can fix problems in beta test products. This is what the Ethereum team is doing. They will fall flat on their faces, or they will become stupidly wealthy... all because of this beta test.
So, Paypal... being an intermediary for banks (statutory banking laws) gives gov't jurisdiction on the transactions... Correct Scott? Avoid this "joint venture" then?
I am just seriously awaiting the point where nothing that concerns ME/value requires a bank...