Bitcoin is a clumsy throwback to the gold standard days. The rest of the world has long since discovered the benefits of elastic money supply--benefits proven both empirically and through the works of John Maynard Keynes, the father of modern economics.
Bitcoiners, gold bugs and other Austrian School vandals now wish to destroy decades of economic progress, thrusting the world back into pre-Keynesian economic darkness.
This is absolutely true.
The ruling classes and their minions who control the issuance of money reap
enormous benefits from an elastic money supply.
A fixed money supply truly is a dark age as far as they are concerned. Millions of people who will suddenly be forced to get real jobs, to earn only what their skills will generate via voluntary market exchanges instead of what they can enjoy by earn via the politics of pull.
For that class of people, Bitcoin is an unmitigated
catastrophe.