Crypto-currencies are not actually currencies (they are generally not used to buy common goods in a common market) - and so it's really not appropriate to use t

Crypto-currencies are not actually currencies (they are generally not used to buy common goods in a common market) - and so it's really not appropriate to use the terminology 'deflationary' or otherwise. I mean - I 'get what you are saying' - but the 'inflation/deflation' is really kind of a second order function of the 'driver' of this, which is really that people tend to 'hold' crytos, as opposed to doing much else. It's the 'behaviour' of the crypto-owners that's the key thing. 'Inflation/deflation' is the interpreted result of that behaviour. So, yes - if there were super-super strict monetary policy in the US - it would probably be 'deflationary' - but - that's a function of that economic system.