These localized monopolies would of course be limited by the competition bitcoin forces into being, so state mining and financing operations will still be able to coerce and inflate, but within tighter limits, bearing a more immediate and direct cost. Rather than the whole world upholding a coercive state enterprise like the United States, it would be only the statist nationals of the region in question upholding the system, since Bitcoin will be the ever present settlement layer for alternatives.

That's my thoughts anyway. Now I really want to read this book!