BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency.
People who get confused about this need to be corrected with correct information, for a start bitcoin is both an asset and a currency...simple as that.
The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems.
totally fud that bitcoin has no real world affairs
I think more research is needed to present facts to the public and not uncertainty or fear and bitcoin main use is removal of middlemen and be used for cost-effective transaction especially for high amounts of money
The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.
This technology is barely 10years old and most govts are still trying to understand it which is why regulatory frameworks are not in full force and if you want to experience the speed and affordable fees of bitcoin talk of remitting a million dollars in fiat and compare it to bitcoin
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
The govt is free to jump on board just as we saw with whats happening in China and when your talk of visibility isnt the public ledger visible enough? Because anybody is free to access tx info on the blockchain.