I respectfully disagree and appreciate your pov on a stable price for a bitcoin. Deflationary money encourages savings, whereas the current inflationary money encourages spending. Why is savings infinitely more important than consumption? Because it encourages the efficient allocation of capital, which drives growth. Currently growth is stunted by inefficeint alocation on social spending, war, speculation and zero-sum gambling investments. Perhaps the biggest problem with central banking is not its monopoly but the current incentives of inefficient allocation of capital. Banks create credit (money) of out thin air. If they and the government invested it on the actual productive capacity (factories and such) i dont think bitcoin would have been created yet. But not only do they create money out of thin air but they do not invest in the actual economy but in zero sum gambles and speculation.﻿ This terrible allocation of capital actually produces a net negative economic growth and it is my belief that the only reason we do not experience a rapid economic decline is that the negative economic effect of inefficient capital allocation is counteracted by the increase of productivity thanks to research and technology. So im saying if no advances were made in science nor industry. we would be worse off every year.