If we were to go to a 100% bitcoin currency system
Before this can be achieved, bitcoin will have to be accepted by the government as a legal tender. I am sure you know this is far away from happening. No government will accept something that they do not have control over. It is way off their plan. How do you want them to make people pay tax?
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.?
Probably each country will have to create their own coin just like we have different paper currencies.
your thoughts.