I find myself spending a lot of time trying to pull people away from a vision of BTC that they want to be true, versus the reality of it.
Without even realizing that your vision of Bitcoin is not the same as the reality of Bitcoin either. Impressive!
OK I'll bite. What am I missing? What have I said that is inaccurate? Instead of taking a pot shot at me, why don't you educate us?
This is what you are missing:
With btc Bob does not have plausible deniability, because every single BTC transaction is documented.
The block chain records transactions between addresses, not identities. How will they prove that the address belongs to Bob? In fact, why will they even
think that the address belongs to Bob?