What? The value of a currency is not only determined by how much of it there is, but by how much the economy needs to function. If the economy grows bitcoins will have to depreciate to allow smaller and smaller pieces to be traded. That's deflation, and it's bad. Divisibility isn't a feature, it's a bug that'll kill the currency in the long run because prices are sticky (people raise prices faster than they drop them) and the economy handles inflation far better than it handles deflation.
That's not an argument, it's simply how the economy works.
> Inflation is killing your economy
No it isn't.
> rather, because it encourages spending and frenetic consumption
Our economy is based on consumption, like it or not.
> this depleting the banks of the well needed savings that will be used for investment by private companies.
You don't really know how banks work do you.
> Yeah, inflation works "so well", right.
Actually yes, it does. You should educate yourself a bit on how the economy actually works, you sound like someone with little more than a high school understanding full of misconceptions and bad ideas.
It's worse than that, because expectation of deflation means people hoard rather than spending, which means still fewer coins actually in circulation.
The buyer who converted his labour into bitcoin has, in effect, provided free labour unless he converts the bitcoin back.
That's a strong empirical statement made without evidence.
> Any bitcoins held can only have an effect if they are spent.
Kind of. But bitcoins (or fractions thereof) being removed from circulation has an effect. And the expectation that that will happen has an effect.
