They still control the meat space; have a firm handle on choke points for travel such as sea ports, air ports, land crossings / major roadways. Most governments also have a monopoly on violence. USA is probably the only nation with an armed population and the rest of the world are under a tight grip when it comes to owning weapons.
Don’t get me wrong, ripping money control and information control out of governments’ hands is a great step, but for most people to become truly sovereign in this world is still going to take quite some time. We are all fighting the good fight here! LFG!