Quote from: ampere on April 28, 2020, 03:55:03 PM

Quote from: worldtraveller321 on January 26, 2020, 07:57:00 PM

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.

There won't be a new control of financial system, Banks and fiat will continue to be in charge.
The most realistic scenario is the banks employing the Artificial Intelligence for operations.

Absolutely, even if we fantasize bitcoin being our universal currency banks and fiat will not going to be replaced by a decentralized network. NEVER. and Why would the government let that happen? they set the banks, fiat, and everything in financial they won't just be too silly to let people decide what currency to use. There will be system in the future but it's hard to believe that it will be bitcoin in the first place.

Quote from: ampere on April 28, 2020, 03:55:03 PM

Bitcoin should continue as alternative payments for its enthusiasts.
There is no need for kingdom of control, but it will still be in control.

Bitcoin is just an alternative solution, and it will always stay that way, we can't force things out.