But moreover, the problem with a gold-backed dollar is the dollar part, not the gold part. More specifically, the fractional-reserve central banking system, and especially the Federal Reserve and its mismanagement of that system. And in terms of the period of US history preceding World War II, don't forget the policies of FDR, which "prolonged and deepened" the Great Depression. (https://mises.org/freemarket_detail.aspx?control=258)
I can give you a bunch of other problems, but here are relevant only those pertaining to deflationary nature of bitcoin and possible economic outcomes and consequences thereby...
Well, I guess in order for me to understand you I first need to understand what you mean by "deflationary nature of bitcoin". Something about going up in value?
Yes, getting more purchasing power per unit (i.e. appreciation of a money unit, which you should have learned by now) due to the discrepancy of money supply (ultimately the same or even diminishing number of coins) and the expansion of economy and growth of population, provided all other things being equal...
