[bleepblorp]

Bitcoin does not scale as a medium of exchange. It has a hard transaction limit of 7 transactions per second. In contrast, the VISA network alone can process at least 47,000 tps. The entire Bitcoin system would be hard pressed to serve the retail transaction needs of a large shopping mall, much less a city, country, or the world.

The hard cap on the number of Bitcoins also makes Bitcoin a deflationary asset/currency. Deflationary currencies have been known to be actively harmful since at least the great depression.

Overall, Bitcoin is a technological curiosity that is only attractive to people who don't know much of anything about monetary economics and have no desire to learn.