it wouldn't. no sovereign government will give up their right to print money. no way.
No sovereign government would do this? Well, the members of the European Union ceded their right to print their own sovereign currency in favor of the currency issued by a multi-government centralized authority. They bought in to the idea of not printing their own currency en masse, in fact. At the time it looked like it made sense. Presently, bad monetary policy and other political bunglings have nearly ruined the idea of the Euro.
I think it is very plausible that a nation--a small struggling nation to be sure--might give it a real shot. But not until after the bitcoin community solves some infrastructural problems. Bitcoin acts more like a commodity than a currency right now. It isn't really *monetized* yet. Too much friction, too much inefficiency. It's still too early. But some day, I think this will definitely happen.
