#1 reason BTC based economy would suck: No loans. It's a deflationary currency, meaning its value goes up over time instead of down. So, there's no incentive to

#1 reason BTC based economy would suck: No loans. It's a deflationary currency, meaning its value goes up over time instead of down. So, there's no incentive to spend your money before it loses value like with inflationary currencies. Instead the incentive is to hoard your money because it's going to be worth more tomorrow. It's anti-growth.