Bitcoin currently has almost 4% inflation per year of its token count and it has been higher in the past. While this will go down over time, I don't think you

Bitcoin currently has almost 4% inflation per year of its token count and it has been higher in the past. While this will go down over time, I don't think you can blame any existing issues with the economics of Bitcoin on its long term deflationary nature. If you were around the Bitcoin community in the early years, you will remember that the community took a very dim view of ICOs. They were called "pre-mined" back then, and it was basically a slur that was synonymous with scam. It is the newer generation of enthusiasts that have embraced the ICO. Again, I don't think you can blame this on the fundamental design or original community around Bitcoin.