Deflation is just another word for long periods of decreasing prices (not VALUES). What's wrong with that? Because of their infinite divisibility (it's equally easy to spend 1 millionth of a Bitcoin as it is to spend 1 Bitcoin) they do not share is the problems deflation poses to traditional money.

Deflation does encourage saving over consumption, yes. But I love the fact that products in the electronics markets have had long term predictable price declines over many decades.