The government doesn't really control the economy. The main job of the central banks is to fight high inflation and stay the heck away from deflation. The mere

The government doesn't really control the economy. The main job of the central banks is to fight high inflation and stay the heck away from deflation. The mere fact that bitcoins are deflationary is enough to suffocate the bitcoin economy, why would you spend money now when it will be worth more tomorrow? The bitcoin wiki states that it has little inflation in its money supply, which misses the point that currencies should remain stable with respect to real goods and services and much less so towards its history. A small inflation is needed to remove the incentive for money hoarding (saving), this provides a system-wide economic stimulation which keeps it stable. The amount of money in the system doesn't matter, what matters is that 10k cash now is worth more than 10k of cash hoarded for a year. imo, the real kicker for bitcoin is that it has no failsafe. What happens when confidence in bitcoin is lost? The gold standard was backed by real gold, the dollar is backed by the governments' ability to collect taxes. The bitcoin currency is backed by what? cpu power?