Cryptocoins cannot replace the national currencies of each country. To be competitive in their exports, countries need to have control over their own currencies in order to revalue or devalue them according to their needs. A world currency imply a world government, a world tax policy, the same level of wages and equal rights (costs) throughout the world, which in the coming decades is a utopia. At best, the best blockchain technology (faster, safer and cheaper) can be used to intermediate the conversion of the nacional currencies. Maybe it will be possible a worldwide chosen common cryptocurrency to intermediate the conversion of nacional currencies. In other words, this worldwide chosen cryptcoin (I think it will be XRP) will have a variable conversion rate defined by the central banks of each country and It's value will be stable and not defines by its stock market value.
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"A world currency imply a world government, a world tax policy, the same level of wages and equal rights (costs) throughout the world, which in the coming decades is a utopia."
I disagree with this assumption. You are describing a CENTRALIZED world currency. The rest of your observations flow from this fault.
I would agree with what you had to say if we were dealing with a UN-issued world currency, or something like the Bancor which they used to talk about...
Indeed, well put....
The TRUE concept of decentralization is something that illudes a lot of people still.
Unlike communism, it is viable, and not only viable but the way forward. Decentralization is a concept that even countless people using the word on a daily basis don't grasp what they're talking about because the paradigm is so different.
Well said!