The deflation argument needs to be attacked. It's so widespread, people are so scared of it. The really question we need to ask is "so?" And see why people actually think its bad. The problem is most people think of wealth as currency. Wealth is not currency. Wealth is goods and services that people value. Currency is only something that people redeem for such things. If people are not buying something, then they are leaving it available to be purchased by someone else for cheaper. Or they are investing which means that they are delaying their redeeming it for a later time when more should be available (after the investment actually increases the economy). Investment is a great thing and should be encouraged. A deflationary currency will encourage sound investments.
It's a tough one to get at. People are culturally used to debt based economies, which would suffer horribly from deflation. There's just no way around it, some people won't admit to it until Bitcoins are worth $1000, and even then some will oppose it. You should have noticed that most of the hate for Bitcoin has poured in since its exponential growth triggered around early April. That's people downtalking the feasibility of the Bitcoin projec
after it successfully took its first step. This kind of response is emotional.