[glocoin]

That's indeed exactly the plan. It's how fiat currencies work, too. Of course, these are already established (and have the added benefit of being the only way to pay taxes). Admittedly it will be very challenging for a new currency to reach a similar status - it's perhaps our hardest problem to solve.

[hn_throwaway_99]

I am honestly baffled that anyone thinks that nations would give up their monopoly power when it comes to managing the money supply. Just look at governmental reactions to Libra/Diem: https://en.wikipedia.org/wiki/Diem_(digital_currency)#Recept...

[glocoin]

This will very likely be a problem we'll run into if we gain massive adoption, and it will be difficult. But if we prove to be a useful monetary system that benefits the population, then perceptions might change. We are already starting to see countries and cities consider accepting crypto as legal tender and be used to pay taxes.