I cannot follow that argument, for more than one reason. I will mention only one here: The money supply inflation of bitcoin is known precisely in advance, therefore everybody knows exactly what to expect, and therefore nobody is being cheated.
I didn't say anyone is being cheated. This is how Bitcoin
differs from the fiat system. I'm also not arguing that Bitcoin should have been constructed in any other way. What I
am saying is that Bitcoin is presently inflationary and that trying to hide this fact by pointing to the increasing value of bitcoins is dishonest. You cannot dismiss the inflation simply because the growth in demand is outpacing the growth in supply. The inflation deserves to be recognized and understood for what it is, not swept under the rug.