[nerdponx]

Fair enough on the money supply point, although crypto currency so far has been somewhat isolated from the economics of nationstates, which are much more complicated than pure market forces.

My take: As long as people still "think in dollars" while they are spending cryptocurrency, purchasing power of cryptocurrencies will be pegged to the dollar. Neither gold nor bitcoin is "inflated" as currency. The dollar inflates (or doesn't), and if you want to pay for something denominated in dollars using something other than dollars, you simply convert at the current spot market rate. There won't be a Bitcoin macroeconomy until things are truly denominated in Bitcoin.