First, Bitcoin is a currency, not an economic system. A currency is a consequence, not the cause of economics, a populous confounding responsible for much of the subject’s depravity of reason. A mainstream introduction of Bitcoin would, despite wild postulation, not positively affect our economics at all and merely provide a new accelerated distribution of that same economics. And not in the least spread and worsen economics’ gargantuan flaws, in its current form not suitable for mainstream or global distribution or application by any means.
Second, and suspend the complexity (read lack of trust) of how Bitcoin works for a moment, the higher-order problem with Bitcoin is that it tries to become a single currency system for the world, a monism, or totalitarian currency valuation structurally incompatible with fulfilling the discreet needs of nations to control their own sovereignty, and the valuation thereof.
So, as I wrote in 2013, Bitcoin ought to be rejected for the same fundamental reasons the Eurozone single currency should have been. The Eurozone as a single currency for much of Europe has done more harm than good, as it has flattened out the unique character of the countries and people as its best assets.
Any one-dimensional totalitarian construct for the world is by definition a flawed one, for the value of our multi-dimensional differences is way more important than the value of our commonalities. Single currencies make the world flat again, the opposite direction our evolution should be steered towards.
Humanity is prone to hallucinations, dangerously prevailing over reason.