Some people argue that something cannot ever be considered as money if you cannot get credit through it, so for example you want to buy real estate and you need a loan, this needs government approval. How can Bitcoin ever reach that point of acceptance by a government if ultimately Bitcoin is disruptive against all states and governments? Or can Bitcoin be money even if it can only be used as a gold substitute?
All of the things that we all think its not possible with bitcoin at the moment are only relying on just one thing to happen and every other things will fall in place. I can say boldly that the moment government recognises bitcoin as every other section of the economy and even going beyond the use of it as collateral, we will then be able to use it to pay for school fees, register for conferences, pay our taxes, shop in malls, pay for hotels, pay for concert, watch movies with it, and funniest one is even the payment of tithes and offering in church. How bitcoin can be used as collateral, its just for you to deposit your private keys, a form of restriction is placed on it then when you finish paying, you get back your details.