So basically a centralized digital currency linked to and controlled by the government and thus influenced by central bankers - like what already exists with fiat. "...tied intimately to policy and credit." LOL, good luck with all that.
Yeah, we already had various country-specific altcoin scams. A few years after this trend has vanished finally the government is becoming aware of this ingenious idea.
A centrally controlled cryptocoin makes no sense at all. It's a very inefficient form of service that Paypal offers today with centralized databases. If governments want surveillance they could just stay with traditional databases, but no - they have to waste even more wealth of their slaves to implement the most inefficient solution.
People talking about network fragmentation or Internet within borders are totally clueless about ongoing technologically developments. The Internet as we know it with centralized and controllable routing will soon turn into a pure P2P network with anonymous ad hoc connectivity. Bitcoin is only the vanguard of future developments, when the whole world will use distributed networks.
ya.ya.yo!