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.
If the world currency goes decentralized then the governments will try to centralize the decentralized currencies. If bitcoin will become the ruling currency of the world then governments will try to have as much mining power than other countries. More mining power would mean more control of the network and more number of votes in the future forks, if any. But as the government needs control to run a country so they won't allow the banking system to be decentralized as banks are the backbone of an economy and they won't let go of it that easily.