A Bitcoin Economy

I've read "The Bitcoin Standard" and "The Fiat Standard" and as many other sources as I can including "The Price of Tomorrow". All are excellent books.

One thing I don't see addressed enough (or maybe I'm forgetting reading it) concerns a critical comparison to legitimate "unknowns" such as what the effect on the economy would be without fractional reserve banking, the fact that no country has been able to stay on a gold standard for long, how limiting that is and how Bitcoin (in that sense) would be even more limiting.

"The Price of Tomorrow" does address a situation where we go from an inflation/debt system to a deflation/"abundance" system and that is largely based on technology being deflationary. and well as the deflationary effect of Bitcoin as a currency. None of that is actually a given though and it's into the future regarding the technology ("abundance").

Bitcoin is seen as being a better form of the gold standard by many but the gold standard wasn't sustainable and Bitcoin would be an even more limiting case.

Fractional reserve banking has issues in theory (issues with mass banking runs and in theory even issues with mass repayment of loans) but with government "back stopping" it actually works pretty well and we've had fractional reserve banking for centuries and it's widespread (everywhere actually).

There are a lot of systems that could result in more stability in the long-term including deflation with more savings and then investing and just not having a fractional reserve system and requiring all lending to be backed-up with 100% deposits.

They all have their limitations or cons as well. Most books written about Bitcoin seem to either be written by those who present no legitimate criticisms of Bitcoin or they are written by those who are only critical of Bitcoin (cheerleader or hater).

I get the issues that Bitcoin is trying to address including the inflation in the current system and the reduced purchasing power of the dollar. It's true that the dollar has reduced purchasing power year by year but it's also true that this is a reason to invest and when you do that there is no reduced purchasing power.

I also, of course, get the major benefit but philosophical and real of managing your own banking, having pure internet money, not having to rely on "trust" (systemic and counterparty risk), etc.

Are there any widely accepted balanced works on how a Bitcoin economy may work including some reasonable critical concerns?