If people would stop calling bitcoin a currency and market it as a protocol, a technology, we wouldn't have had all these bans. Governments freak out when they hear the word currency.
I agree. Crypto has a great potential as a technology. But bitcoin community has too much of an anarchist angst image. All the anti-bank & anti-govt talk makes it look childish.
The anarchists/ libertarians think bankers or govt fear them cause they represent something revolutionary. What a joke. They laugh at them like I laugh at crazy proselytizing nut jobs on the street. These vocals proponents give bitcoin & crypto a bad image and that is a real barrier to mass acceptance and adoption.
Personally I think bitcoin makes a terrible currency because of the deflationary design & decentralized nature of its issuance. I don't even consider it money in an economistic sense. However, I think the block chain concept is extremely innovative and has many potential for verifying transmission. To transmit what I don't know.