The cause of the inflation is important. Is it because people want it but can't obtain it OR is it because people don't want it so suppliers have to increase prices due to lack of demand (What I like to call Buggy Whip Economics).  Buggy Whips went up in price before they disappeared because no one used them anymore.

I judge demand by the amount of nodes using Bitcoin. Increasing nodes = increasing demand, decreasing nodes = decreasing demand.

I believe increasing use of Bitcoins is the goal here. Mining operations seems to have taken a precedence over this.

But my Nutshell says:


 If Bitcoin is increasing in price with increase in nodes, it is good.

 If Bitcoin is increasing in price with decreasing nodes, it is bad.

 If Bitcoin is decreasing in price with increase in nodes, it is good. (Although this scenario isn't 'good' for miners, it is good for the Bitcoin)

 If Bitcoin is decreasing in price with decrease in nodes, it is bad.


Then apply whatever inflation formulas you want.