Even if the technology itself fulfilled all of its promises, the bug in the ointment is legislation. There will be no privacy as long as the government requires reporting. Google was forced to give up data on its users so that the federal government can prosecutes crimes. It's a sad fact that some people would use privacy to shield themselves from the consequences of criminal activity. That's why Silk Road was shut down. We need the government to be able to prosecute crime, but we also need it to protect citizen rights, one of which is privacy. There needs to be more political action at the legislative level to educate legislators on the technology and all its legal implications.