You're right about that; in as much as Bitcoin does not rely on a trusted third party or banks,
it also allows you to make use of it without submitting a bunch of documents for verification.
Adding to that, one can send money to anyone across the world without going through long and boring protocols.
That's the beauty of being a decentralized currency, you can do bitcoin transactions freely compared to those who need to use a third party or banking.
Sometimes bitcoin is not reliable in times of need but it is really worth it to invest and still some governments are not engaging to it due to the fact that it is decentralized in its nature. That's the reason why we need to understand and be patient with bitcoin, it is not an instant money, it is not in a mainstream but soon it will.