Accordingly, capitalism works by exploiting people and creating an incentive for people to work. For example, if any schmuck can get a bitcoin (or fraction of a bitcoin) when he is a baby (and then stashes it away), then he would never have to work a day in his life by the time he is 18 years old.
Maybe I am being too narrow minded to think that way, but compounding interest is a powerful thing and if BTC is guaranteed to go up every year by even as little as 10-15% (and those are conservative numbers based on the supply issue and I would think that the guaranteed price increase would be greater than 15% annually). BTC would change the whole dynamics of the world and incentives for labor......
why do you think it's deflationary? the price is currently rising with adoption and confidence and by the time bitcoins stop being created we should be at peak adoption, there may be a bit of deflation through coin loss but by then we may also see population decrease if 3rd world countries are brought up to 1st world level where birth rates have fallen below the replacement rate.
oh and why focus on it as a currency anyway, if used in parallel to other currencies as a payment method the price and volatility don't really matter.