That might seem like a bad thing if you're a government trying to boost consumer spending so you can keep the economy running.

But from a consumer's perspective, deflation is a feature. I don't want to spend my money! I want to save it, and to be rewarded for saving it, so that by consuming less I can also work less.

Why would I hand over my Bitcoin for some bread? Because I'm hungry and need to eat. Otherwise yes, I'll save my money for later, no need for needless and wasteful spending.