It's addressed on their web site. In short, bitcoin currency is inherently deflationary due to natural loss of coins. The problem, however, is mitigated by the

It's addressed on their web site. In short, bitcoin currency is inherently deflationary due to natural loss of coins. The problem, however, is mitigated by their infinite divisibility - a million years from now the whole world will only have one bit coin in operation, and everyone will operate in pico-coins. A pint of beer - 5 picocoins, hourly wage - 100 picocoins.