[orwin]

The issue with a deflationary money is that it reduce exchange rate (you try to hog as much as you can), thus reducing GPD. That's an issue for everyday money (and why the dollar was decorellated from gold).

I think the blockchain is a good idea, even as a simple money ledger, but the scarcity BTC holders praise is an inherent issue that will make bitcoin less and less usefull as a currency, and while the price will probably stay high for the foreseeable futur, i think BTC won't ever be adopted by institutions, at least not long-term.

Other cryptocurrency that don't have the deflationary issue might be adopted officially though though (but, the future is uncertain)