To riff a bit on your example of wanting your money to be useful:
Typically if you wind up on a sanctions list, the people you do business with most often already are engaging with you economically in spite of this status. The mere fact that Bitcoin can circumvent certain sanctions imposed by these entities already makes it more fungible than anything we traditionally think of as "money".
I am always surprised at how often people advocate that Bitcoin should be used more privately or permissionlessly or sovereignly by "your average person" when this hypothetical person doesn't have any motive, incentive or desire to act in these ways (which by the way, all take extra effort as a matter of course). Meanwhile those who are motivated to act sovereignly, privately or permissionlessly already do so.
To riff a bit on your example of wanting your money to be useful:
Typically if you wind up on a sanctions list, the people you do business with most often already are engaging with you economically in spite of this status. The mere fact that Bitcoin can circumvent certain sanctions imposed by these entities already makes it more fungible than anything we traditionally think of as "money".
I am always surprised at how often people advocate that Bitcoin should be used more privately or permissionlessly or sovereignly by "your average person" when this hypothetical person doesn't have any motive, incentive or desire to act in these ways (which by the way, all take extra effort as a matter of course). Meanwhile those who are motivated to act sovereignly, privately or permissionlessly already do so.