Just crossed my mind today. Will it make sense if someone will create a paper money equivalent of bitcoin? And the coins will be the smallest unit of bitcoin, Satoshi? Like the currency today? I think it is okay if it became a globally accepted currency. And it will serve as a payment for everyday goods. What do you think?
I do not think will make any sense. It would have lost its value when this happens. By that you will make it almost impossible for it to be used for international, border-less smooth transaction and transfer of value.
That is correct and it will even make bitcoin loose its anonymity and many governments around the world will be able to impede bitcoin's development and make stringent laws in order to make it appear centralized and under their control unlike what we see now.