When Bitcoin emerges as commonly accepted globally (not necessarily the one reserve), arbitrage begins on Bitcoin regulation approaches. Countries with positive approach thrive.
In that world, there are no currency fluctuations. In that world do import and export taxes make sense? Tariffs?
Or does the meaning of a nation state change? The world either merges into very few nations or breaks up into many tiny ones (citadels?)
What is the relationship between money systems and nation states under a Bitcoin Standard?