If we were to go to a 100% bitcoin currency system. The banks and governments would loose control of whole financial system. The present governments would loose control.
Therefore a new system would be needed to run each country. What do you think would be the new body of control?
How could this work?
What type of system would be put in place on this.?
I don't think the people can control themselves as too many minds and ideas of where things can go in a direction. Therefore you still need a council or kingdom of control.
your thoughts.
Banks and governments would not lose all control. They would lose control of the base money supply and they would lose some ability to control how people spend their money. I think those losses of control are major benefits. There would be no need for new forms of control over people.