> I think you're missing the point. I think what OP is saying is that the nature of a deflationary, speculative asset means that a cult-like environment will or

> I think you're missing the point. I think what OP is saying is that the nature of a deflationary, speculative asset means that a cult-like environment will organically form around it. Bitcoin is currently issuing at 1.5% and will continue to issue for basically a hundred years. People are really confident that the /deflationary/ nature is the key to their critique, but I don't see how. The incentives for you being early into a system that will acquire a lot of users down the road (which is what you are betting on) are significantly more impactful to you financially then 2% inflation. For this reason, crypto currencies that do. not have a limited supply narrative are equally as volatile.