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.
This is not even going to happen. If such thing is close to happening the government would look for a way to stop it from happening because whats the need for a government if they dont have any control on money?
Money is an important factor in the economy, so without it what else are they really governing? So, if they find out that people are really leaving the main system and switching to a new method which is 'cryptocurrency, they would declare it illegal and anyone found with cryptocurrencies would be seriously dealt with to the extent they wont ever try it again.
So trust me, thats never going to happen. I even prefer as things are right now, at least we have peace of mind in the community and the government are not disturbing us.