You act like all deflation is bad, but it’s about what it encourages: investing only in what outperforms just holding hard money. "Wasteful" is backing losers that can’t beat that bar. You dismiss Bitcoin’s hard cap as a “knee-jerk reaction” — which just shows you haven’t engaged with the idea, not that it’s wrong. It’s a mark of intelligence to entertain a thought without accepting it. You can’t even do that. Your issue isn’t nuance — it’s letting go of the fiat mindset you’re clinging to.