Sorry, I'm a n00b to these forums, and this has probably been discussed many times, but I'm just so struck by how much BTC is like gold, silver, platinum, diamonds, etc.

• There is a finite amount of it in existence.
• It has to be mined, which requires great effort.
• Miners are rewarded.
• We don't trust in it because a State tells us to, but rather because we, the people who use it, believe in it.

So, it's deflationary, yes!

But it gets even better.  Since there isn't more BTC in this physical place or in that, it shouldn't lead to the terrible sufferings of colonization and war.  Like, people can't get together and decide to violently take over a country (like the Boer and British settlers did in South Africa) to start exploiting the resources (including diamonds and gold) there.  And no one can decide to violently remove a people from their ancestral and sacred lands (like the US government did to the Lakota in the Black Hills of South Dakota) to extract gold from them.