Fair enough. I still disagree that bitcoin being eventually limited in supply is a bad thing, but it appears that I have misunderstood the meaning of inflation

Fair enough. I still disagree that bitcoin being eventually limited in supply is a bad thing, but it appears that I have misunderstood the meaning of inflation and deflation, and I struggle to understand why the definition as you described it is useful. >This is appropriate given the entire legitimate Bitcoin economy is a subset of the U.S. dollar economy, with prices in Bitcoin often being pegged to an implied U.S. dollar price. I think this is a consequence of our language and location, as bitcoin is a global asset and therefore gets pegged against many other currencies across the planet. Still, I understand your point, and I appreciate the discussion!