More and more alt-coins appear each day. Number of coins will always be increased. He is wrong about inflation.
I don't think alt-coins equal inflation just by virtue of having been created. They only equal inflation when merchants accept them and ascribe a value to them. In that case, it's democratically controlled inflation, purely voluntary, nobody has to participate. If there ever was an inflation I'd want to see, that would be it.
Some say we must have inflation for our economy to function. Bitcoin solves that by making altcoins possible. Nobody can inflate original genuine Bitcoins, but if society decides we don't have enough inflation, producers of goods and services can vote inflation into the system by accepting new altcoins as payment. The beauty of it is that those who don't produce anything of value on their own to offer have less ability to do this than those who do, because while they can create the coins, they can't make them valuable without society's consent.
Very interesting point of view!
