I don't know much about freicoin, but I don't really believe fixed monetary base because that will limit the economy expansion, and deflation tendency will encourage hoarding of the currency.
My understanding of bitcoin is that it is more than a currency: it is also a transaction processing network.
When one buys bitcoins, one is also buying shares in this new network (take a look at the the market cap of transaction network companies).
People can hold the shares and trade them: hoarding is not a problem as long as there is liquidity.
Bitcoins can be used as a meta-currency to process transactions in any currency.
Deflation is a problem for fiat money not for shares in a small cap !