"...but its deflationary nature would mean people won't be willing to use Bitcoin to buy actual stuff." It's all about time preference. For certain goods peopl

"...but its deflationary nature would mean people won't be willing to use Bitcoin to buy actual stuff." It's all about time preference. For certain goods people have a very high time preference. For other goods, it's low. Would I forgo dinner simply because I think my Bitcoin will be worth more a week from now? Probably not since I have a high time preference for food. I need it to survive. Just think about goods in technology. They are extremely deflationary. Using the deflationary logic people use to criticize Bitcoin, why would anyone buy an iPhone 5S or Nexus 5 today when they know it's going to be cheaper 6 months from now?