Sadly, this is true. As great as it is, bitcoin has many issues, in order: 1) The fact that Bitcoin mining traffic is detectable by ISPs (similar to torrents),

Sadly, this is true. As great as it is, bitcoin has many issues, in order: 1) The fact that Bitcoin mining traffic is detectable by ISPs (similar to torrents), so if a country prohibits it, the ISPs could simply detect that traffic trivially and get you arrested. Or simply block downloads of the client, etc 2) The centralization (or lack of democratization) of mining. A few huge pools, mining rig operations instead of individuals running software on their computers. SHA-256 ASICs and lack of blockchain pruning caused this. 3) The overreliance on exchanges - not your keys, not your coins etc 4) Every transaction is trackable, no real anonymity 5) The -even daily- value fluctuations 6) Hard to understand for layman people That said even with all of these drawbacks people do use it in real life for its original intended purpose (remove the middleman), specifically in third world countries. But I think it would be great to go back to 2009 with all of the current knowledge and redesign these bits I think that inevitably, it will be banned at some point in the future due to 1) and 2).