frphank on Nostr: It has to be deflationary if the economy grows because the same amount of Bitcoin ...

It has to be deflationary if the economy grows because the same amount of Bitcoin will represent an increasing amount of goods and services on offer and it can only do that by lowering the price per good or service.

A deflationary currency discourages spending which in turn tampers the economy. It's Bitcoin's self defeating mechanism, or for that matter the self defeating mechanism of any fixed supply currency.

That's why the dollar had to be detached from gold. While the amount of gold is increasing it's nowhere increasing as fast as the economy.