All that matters it the ratio of nominal risk-free return to inflation. I guess nobody offers depositors of bitcoins a risk-free return in bitcoins.
If there's a positive risk-free interest rate available to depositors, and inflation is less than X, then you effectively have deflation already. TIPS sometimes offer this for $USD (depending on demand and whether the measure of inflation they're indexed to is fair). Nominal price stability is a psychological benefit only (albeit important).
If there's a positive risk-free interest rate available to depositors, and inflation is less than X, then you effectively have deflation already. TIPS sometimes offer this for $USD (depending on demand and whether the measure of inflation they're indexed to is fair). Nominal price stability is a psychological benefit only (albeit important).