>Deflation, by providing a risk free return for sitting on currency In the case of Bitcoin, the return would not be risk free. In the long run bitcoins would g

>Deflation, by providing a risk free return for sitting on currency In the case of Bitcoin, the return would not be risk free. In the long run bitcoins would gain in value at roughly the rate of increase in gross world product. Bitcoins value would fluctuate at least as much as that of a global stock index fund. There would be added volatility due to changes in demand for money.