Very interesting idea, there would be no central bank to issue money,
it is completely peer to peer, it would end monopoly of companies like
paypal, visa and mastercard. There would be zero transaction fee for
any transations, true digital cash, though it would take a while to
get popular here because of internet access. It has great potential
for mobile money too.
You have to keep reminding your government that you don't get your
rights from them; you give them permission to rule, only so long as
they follow the rules: laws and constitution.