Actually they can pre-mine the coin and well, if they are creating a coin, for sure they will make things like put your name on the wallet and track all your transactions, don't matter how the future will be, for sure the government will regule your life and you will have to pay taxes.
Exactly, no government would accept a currency as their own if they have no access on it at all, if bitcoin is legalized it would probably be an alternative currency but the main currency of a country always be the ones that is in control of government.
Remember, totally fiat money has been around only since 1971. The previous 300+ years of modern money saw state issued paper money pegged against gold and/or silver, and you can easily argue that the elites did even better under the gold and silver standards (since the system was more stable even though the wealth came slower to the elites.)
ImfCoin would be essentially the same as a new gold standard, but allow the elites to claim they're doing it to 'modernize money by making it electronic,' and not because their fiat system is so unstable.