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.
It is very unlikely that this type of scenario would even come close to becoming reality.
The fact is that BTC is likely going to continue to coexist alongside prominent fiat currencies, instead of actually replacing them as some people suggest that BTC is able to do. While it could be possible that BTC can act as an interim currency for crisis stricken countries it's very hard to imagine BTC replacing fiat altogether, at least in this current international structure.
It could become a global reserve asset, but I don't think that it'll come close to the new order that you describe.