I think your logic is flawed. You're saying bitcoin's deflationary nature is bad and then proceed to talk about how volatile it is and the bad vibe that it carr

I think your logic is flawed. You're saying bitcoin's deflationary nature is bad and then proceed to talk about how volatile it is and the bad vibe that it carries BECAUSE it keeps going up in price so the only reason to spend it is for illicit things. So then here's the controversy of your statement - if bitcoin is a deflationary appreciation-only thing - then maybe it's not as volatile as you claim and is fit to be used in EFT scenarios? Or if it is in fact volatile then maybe it's not all that deflationary in that it's value isn't bound to be going up indefinitely? Which is it? :) As a side note - yes, the mechanics of coin mining do make bitcoin "technically" deflationary, but just like any other "thing of value" this doesn't guarantee it's value in the "real world" to be mapped to that deflation 1-to-1. There's a finite supply of gold or oil out there for example - their prices however are bound to fluctuate quite a bit...