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by jafaku 4697 days ago
You are confusing the short lived deflation that could be caused by a deflationary currency, with the deflation caused by all the other problems mentioned in the wikipedia article, like "technological progress that created significant economic growth", "great advances in productivity", etc. Apparently the only problem brought by gold and silver was that there was a scarcity of coins (a physical problem), which would never happen with Bitcoin (a digital currency).

> Perhaps Satoshi simply felt it was easier to implement finite Bitcoins than a constantly increasing supply. I don't think he can be blamed for that. Bitcoin is, if nothing else, certainly intriguing.

No, he was against inflation. In the first block of the blockchain, he added a message; it was something about Bernake approving a new bailout for the banks.