I do feel encouraged to see such news come up, hopeful that in future I can at least wake up to see a bitcoin ATM in my neighborhood grocery store and people use that regularly without law enforcement breathing down their necks.
Good or bad, this instills hope for such a future and criticism and finer points being kept aside, I hope this project goes ahead and makes a name for itself.
This is why it is important to remember that we are going to end up with a problem one way or another, it just has to be a different approach eventually and you will do much better on the long run and it will give you some profit in bigger economy nations.