Governments dropping their national currencies (which they have control over) in favor of a global digital currency which they don't have control over doesn't seem likely. I don't know if it's desirable either because there aren't any sort of social protection mechanisms in the crypto world.
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My view is that, in the end, governments will not survive. As we head deeper into a digital/virtual world, governments, which are designed to rule in the physical realm, will cease in importance.
We will be more engaged in our networks which have governance models.
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Interesting, and I am surprised this thought had not occurred to me. I have been thinking that governments will continue to rule due to their control of police and army, which are in the physical realm, but as the digital realm expands, will this control over the physical realm become less and less important? Maybe so. Interesting times for sure.
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My guess is that in another 50 years, the level of importance of government will diminish greatly. Networks will be much more important to people.
After all, a change in Facebook's algorithms tends to affect people more than a law passed by their government.
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