What I'm saying is that deflation is an arbitrary choice made by Satoshi in the construction of bitcoin. It is unrelated to the issue of state backing.
Bitcoin could just have easily had a perpetually increasing monetary supply. This literally would have been a single line change to the bitcoin source code. Freicoin does something similar with it's demurrage and perpetual reward.
Bitcoin could just have easily had a perpetually increasing monetary supply. This literally would have been a single line change to the bitcoin source code. Freicoin does something similar with it's demurrage and perpetual reward.