The more time I spend learning of the benefits of a decentralised network for curency the more impressed I am with its efficiency and transparency. I can strongly visualise a future where p2p is all decentralised.
My main question is this: how will this ever be allowed by any government? Our whole WORLD is built on old school conventions of central authorities, banking systems and networks. Can bitcoin ever REALISTICALLY become a global power currency because surely as it gets more popular, governments will get concerned that they are losing control and regulate it down.
Why would a government ever want the world to go decentralised? It is not in their interest at all. The migration to decentralisation would be carnage too, given how many moving parts there are as dicussed above.
Can anyone explain how this could feasibly work? I love the idea but just don't see how it will be allowed.
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