Have you ever considered why you never see it said that the 1USD is worth X Bitcoin.
I put it to you that one can only pay their tax within a sovereign country with that countries sovereign currency. You cannot pay tax with bitcoin or any other crypto currency without converting it to a sovereign currency.
Put simply, outside gaming and crypto culture these currencies will have no real value until you are able to pay your taxes with it.
Yes you have excellent point and many other barriers must be overcome. But I do believe blockchain will be the most important fintech. And playing with it now should benefit enormously in the future.
I agree with you with regard to Blockchain technology, where centralised servers are not required. I am currently doing some work with Ethereum but staying in sync I find troublesome and until a solution is found, it is problematic.
Using Blockchain to exercise democracy has its issues. If the correct response is made, but that response is based on a widely accepted myth, such as the belief that tax funds the spending of a state that is a currency sovereign, the response will automatically be wrong.
I fear that many will lose much sovereign currency when bitcoin eventually declines. However like any form of gambling or gaming there will be winners also.