[ninetenfour]

BTC is designed to be highly limited in supply and thus all prices denominated in BTC should drop over time by design of the currency. Everything else in society, if it was all on BTC, would do similarly. Basically your salary this year should be smaller than it was last year but your buying power should be similar.

This encourages people to hold BTC because its relative value increases over time. Thus BTC by being deflationary encourages holding and not spending. It will lead to a less dynamic economy than if we had an inflationary currency which encouraged spending/investment.

[nextlevelwizard]

The thing is that to be actual currency BTC can not be limited forever. Think about it for a moment. Every year BTC gets stolen and will continue to be stolen and it will only increase if it was "the world currency" thus limiting the supply ever more. Then people hoarding it will die and passwords to their wallets will be regularly forgotten again limiting the supply sooner or later we will be at a point where even 1 satoshi is so valuable you can not use it for daily purchases.

This scheme also effectively fucks over the future generations since older generations had the opportunity to hoard wealth while they were earning couple BTCs each month, but then future generations will be only earning couple hundred satoshis. If you think property prices are now out of hand just think what happens when about half the population has effectively millions of dollars in inheritance. If your parents fucked up and didn't leave you any of the family fortune you are just screwed with no way to recover. Or if they died in an accident and their bitcoin wallets were now locked forever.