It's fun when you see a thread topic that looks like someone's asking a question and then you read the original post and realize they're actually trying to explain the answer to that question, but there are several misconceptions woven into that explanation.
Good thing our community is big.
It is decentralized and many governments have banned its use in their countries.
Here's a list of
legalization of Bitcoin by Country. Only about ten or so countries have outlawed, "banned" Bitcoin and none of them are G8 or developed countries.
Cryptocurrency has a market that is thin and in continuous flux. Every day new users are coming on board with the aim of becoming a success though crypto currency.
A thin market is one that has low volume of trades. New people aren't entering the market. The price isn't volatile and the spread is small. This is certainly not the case for Bitcoin.