The fix for any deflationary concerns is to denominate prices and contracts in the price level, not a currency. If Bitcoin deflates and increases in value, Bitc

The fix for any deflationary concerns is to denominate prices and contracts in the price level, not a currency. If Bitcoin deflates and increases in value, Bitcoin-denominated prices and wages go down automatically. If you wanted to save for near-term spending, you'd purchase derivatives that reduce your exposure to Bitcoin swings relative to your price level, and since Bitcoin's value would increase at a relative predictable rate in a Bitcoin-saturated economy, competition in this derivative market would drive the issuer to pay the buyer some fraction of the expected increase in value. Instead of most of humanity having to suffer through losses of wealth because their currencies are small and volatile, everyone will have stable currency pegged to their local price level, and they'll be paid to hold it.