I know it has "coin" i the name and you can "sort of" transact in it, but it's best to look at Bitcoin as a commodity like gold. Don't try to use it as money. It's worth what others are willing to pay for it.

I don't know why governments want to promise big dollars up front. Why can't they negotiate a $ amount for each new job created and at the end of the tax year the company (FoxConn) provides proof of full time employment for X number of workers and they can get their credit. No job creation, no credit. I understand there may need to be some credit up front to help cover capital expenditures, but you can't take all of the risk out of it for the company. They need some skin in it too.