The ugliest truth of bitcoin is that it just isn't useful in any legal fields.
What ? I... just... huh ?
Lol... don't go into a cardiac attack just yet... The guy's got a point, - 'legal'..., there are no current state or federal stamps on BTC codes acknowledging it as a medium of exchange, however, it does suit the masses to do as they please - freedom of... something.
The main thing I pointed out with this is that bitcoin doesn't actually offer anything practical for doing business. It's not simple, secure, fast or cheap enough to be useful in practical finance. I think that the reason is that being the first, bitcoin is just the most simplistic, general and non-specialized product. New generation of cryptos are built from the ground up to solve specific practical problems and that is why they are a lot more efficient and useful.
Bitcoin was trying hard to define itself as a store of value asset. In my eyes this won't work because an asset, that's value is highly dependent on speculation, will never be a good store of value asset. This would be as moronic as to recommend pink sheets as store of value investments. Store of value needs stability and predictability the most.