[simo7]

Well bitcoin does have an intrinsic monetary policy despite not having a monetary authority.

It is possible to engineer currencies to be inflationary/deflationary without an external authority.

It just cannot be a guarantee as there are many other factors to take into account.

[lottin]

Indeed, bitcoin has an intrinsic monetary policy, but such a policy doesn't and can't have an inflation target. This is why claims that bitcoin is inflationary or deflationary are nonsense.