>The actual value of transactions in Bitcoins has fallen rather than rising.
Is there any data to support his claim he makes?
http://bitcoincharts.com/charts/mtgoxUSD#rg90zvztgCzm1g10zm2g25It's just flat-out wrong though. BTC "soared"...then collapsed and hasn't risen again. It's also undergoing massive inflation, not deflation.
It was designed to be deflationary, not inflationary. This highlights a problem with the currency.