This is all just one argument, the same argument others have been making: Bitcoin will inevitably deflate. That is true. Whether the conclusions are true remain

This is all just one argument, the same argument others have been making: Bitcoin will inevitably deflate. That is true. Whether the conclusions are true remain to be seen. It's the old Keynsian vs. Austrian argument. What makes this an especially interesting experiment, is that Bitcoin is far more divisible than any other currency in history. This alleviates many of the typical objections to a fixed currency, and introduces a dynamic that, frankly, I don't think anyone understands yet. There still remain the question of whether the process of deflation itself makes a currency unviable. Herein lies the actual debate. I for one am going to enjoy watching it, and see how it all works out. There is a lot that we can learn. Let's hope governments don't get in the way and stop the experiment in-vitro.