Jack Mallers made a great point in his Money Matters podcast today.

Governments only really have two choices:

1. They can hold onto their privilege of seigniorage and drive #Bitcoin adoption from the inflation it causes.

or

2. They can let go of this privilege and adopt Bitcoin themselves, which will also result in more adoption of Bitcoin.

One might think they have a third option of holding onto the privilege of seigniorage and simply opt not to use it, but the reality is that so long as there is any possibility of printing more money, it is only a matter of time before they use it.