[badge]

You missed the point entirely.

The vast majority of the supply is owned by a very small oligarch.

The chances of Bitcoin becoming obsolete or failing catastrphically due to a glitch or bug in the protocol software - like what just happened a few days ago (luckily by someone who desired to fix it, if the bug was found by a malicious actor they would have destroyed the entire Bitcoin ecosystem), the cryptocoin software can not be guaranteed as a safe store of value.

Anyone who "invested" in Bitcoin at the start of this year has lost upwards of 50%, so that would qualify as inflation in your terms. Other cryptocoins have seen losses exceeding 80%-90%.

The way cryptocoins work is by early users dumping their supply onto new users to exit and extract real value from the suckers who then become bag holders, the new users hope to do the same but are at a severe disadvantage to early users who own the vast majority of the supply.

[kragen]

I don't think I'm the one missing the point.