Well, no. I think that placing your trust in the lowest common denominator is trust misplaced.
Further, I am not looking for a system 'governed by the technocratic elite', I am looking for a system with enough capacity to be money for the entire world. And 3-7 tx/s just ain't gonna cut it.
Your bloated Weather recording chain will never cut it, the only reason why it is still functioning is because no one cares enough to swat it..