"If you think deflation is just the devil, then fine, don't use bitcoin, just watch, you'll see soon enough whether it causes the bitcoin economy to stall, and you'll be in the position to gloat or eat your words. If deflation doesn't bother you then forget about it and continue living your life and spending your bitcoin."

I think it should be debated for alternative cryptocurrencies.  Did the recent price drop because of deflation?  Definitely not bitcoin is presently experiencing 30% inflation.  But, I really don't like this thread because the mass media has stuffed down the public's throat a complete an utter lie.  Deflation has no effect on an economy and if anything it is generally good because it helps the savers retain value of their savings.

The lie is told to protect lawyers, bankers, and educational elite to allow them to spend other peoples money.