Ideas on what a deflationary economy encourages

A steady deflationary economy encourages a few things. Please critique if this seems wrong.

Due to the presence of the currency as an ever appreciating asset, most financial assets lose their sheen for all except the investors with a LOT of wealth
As a corollary to the above, dividends become very important to firms. Most people would not tolerate firms not paying dividends for a long time
The idea of firms as ongoing concerns may reduce if genuinely good opportunities are lacking
Firms will keep minimum inventory. They will want to keep more inventory as raw material than as finished goods. JIT like processes will get a boost
Products might be designed for long term usage or high recyclability, since the purchase of most items will be compared with the currency which is constantly appreciating
Wealth concentration may increase. But the free ride that bankers have may not exist in a bitcoin world
More percentages of workers salary will be paid as proportion of company sales as defaltion makes it difficult for entrepreneurs to directly cut salaries
Consumption patterns will change slower compared to today. Fewer arbitrary fashion changes would occur