If I am hungry, I am better off buying bread than watching my bitcoin wallet's "value" increase on a computer screen.
A deflating currency might disincentivize spending, but it won't halt it. And what's so great about incentivizing spending?
When you find yourself challenging the basis of nearly all economic theories, it might be time to step back from the bitcoin breadbowl.
Maybe spending doesn't lead to the best allocation of resources, as I could be blocking someone from using resources I bought, but cannot utilise as well as the other person could.
If you want our economy to be based on food, water, and shelter, just say so. But it will conflict with how the rest of us want the world to work.
Keynesian economic theories. And look at where they have gotten us today. Saving is a good thing, despite what many economists say.
Never spending is a bad thing.
My parent poster was questioning the latter. Not the former.