Absolutely...not. Why would you trust a government with this control? Absolutely...not. Why would you trust a government with this control? And do you actually think any government is capable of making a currency like bitcoin? No.
I agree, the thread title is bit misleading. I never mentioned that the government should do it. It would be the private banking cartel aka Federal Reserve System creating and maintaining it. They only need to make the Congress to enhance the Federal Reserve Act for including Dollarcoins as legal tender. It will be very tempting for governments, since they can control the flow of a electronic cash equivalent in real time.
A private enterprise is addicted to profits. If they can reduce cost, then why they would not do it? Think of the many branches they can downsize, less security, abolish ATMs, abolish card readers, plastic cards aso. by using a much more efficient technology and finally lay off a lot of people in the financial industry.
Of course it will be a centralized system and never as efficient as a decentralized system. On the other hand they get the technology for free, they can force people using it (in the end you have to pay taxes in Dollars) and (sadly) a majority trusts government anyway.