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.
Why do not need to control the world monetary system ?
The ideal situation will be that bitcoin is the only form of money and no one can control it but this model is not acceptable by governments because in this way they will lose control over the people but they can't even put taxes on the people.