Though there are many problems of monitoring on Bitcoin, the root is to remove the centralized banks as entity. It is used widely as investment tool, or sometimes to hide the money of tax auditors, however, Bitcoin proclaim that its intention is to kick out the financial institution, and to purchase a car with a pocket cash to remove it. It deserves to remind that a simple electronic cash point to point edition will allow to pay online or send from one party to another directly without financial institution in these periods.
In historical period, financial institution has proved to not deserve to own any part of these kinds of transaction. They have destroyed many areas of economy and create unsustainable interest rate and made millions of sincere workers go bankrupt. The interest on replacement on financing is at its highest, and Bitcoin came out.
No matter if Bitcoin is the most important encryption currency, only time can tell. Whether things like Ripple will be accepted by more organizations does not matter, they aim to centralize valuable transaction further and create more widely breakdown point by this.