This comment by you proves you don't understand bitcoin. There are no "owners of the bitcoin software". It is in the public domain, it is used/owned by the community.
And it is a myth that deflation is a bad thing. I know that central banking fans want their inflation targets to be 3% each year, thereby fleecing the people with this hidden tax, and everything else leads to economic troubles. Well the 1800s proves that deflation can happen at the same time as sustained economic growth.
You would not get a liquidity failure with bitcoin. But each bitcoin would be worth more, that's true. But I don't see any problem with that.
Want DP delivered to your inbox daily? Subscribe here: