> Because it can't. Even assuming everyone is on board with blockchains, removing the ability of the central bank to increase the monetary supply during recessions makes every downturn 10x worse.

That doesn't mean it can't function as a currency, just that it maybe isn't a good one.

This is an important distinction, because critics have adopted this talking point of "not a currency" or "can't be a currency" as some kind of binary, but then have terrible arguments backing this up. The difference between 2% inflation and 0% inflation is just that - 2%.

Mind you - Bitcoin is currently issuing at a rate of 1.5%. The reason it is volatile has absolutely nothing to do with it's "deflationary" nature.