I really love how you put this into words. And love the title too. I would love to see that show go down too. But for all the reasons you stated is why they likely won't get on board to create a coin on the block chain. I bet someone advising them is smart enough to know what goes on the block chain stays on the block chain and that would risk their "power"
I agree, they just wouldn't be able to handle it. 😀 😃 😄 😁 Although I do think the way governments operate have some unintended positive consequences sometimes too! LOL
You're right, I agree they know what they're risking. I doubt they'll actually do it.
In fact I wrote this because there's this narrative going on that if the Gov't would create their own digital on the blockchain it would wipe out all competition... Just to show this isn't as big of a threat as blockchain gloom-and-doomers some paint it to be.
By the way, thank you for the thoughtful comment!