I'm looking for insights to the problem posed. Any time you propose going full tilt gold standard, backing gold by BTC, BTC by gold, USD by BTC etc. etc. it's just putting up an abstraction that doesn't actually solve the problem. These all fall in the "you have proposed a solution to spam, here is why it won't work" category. We need to think about this ahead of time, it'll all work out in the end is not a good answer. A few decades of chaos is not a good answer either.

BTW, I think the meaning of inflation/deflation is clear from the given context, at least I'm ok with both the 'proper' use of inflation meaning increase in supply of the currency as well as with the 'common' use of increase of prices of goods priced in said currency (which equals devaluation of the currency, which describes the result of said increase in supply).

-DiamondPlus