Is it correct that you are a student? I think you should ask your professors for more references relating to currency and money and the roles of the Treasury and the Federal Reserve. I hesitate to make recommendations as I am not an economist but I did detect what I think are inaccuracies in your story.
You said “The Federal Reserve, which prints the US Dollar, is (probably) constantly printing money in order to give to the US Central Bank, in exchange for debt.” The Treasury prints the U.S. Dollar and makes all the U.S. currency. It is a pretty constant process because currency gets worn out and needs to be constantly replaced. The Federal Reserve distributes the currency the Treasury prints along with controlling other much larger money flows.
I think this is a very telling chart

Printing money is not a driver of inflation as currency is not a big driver of money into the economy. We have historically needed more currency in circulation because the population was rising so more cash was needed to facilitate transactions but that is flattening out as we have more electronic transactions.
The Money Supply as represented by M1 and M2 (go look up the definitions) is was affects inflation, this is not currency but it is cash and near cash in the economy.
If you look at the graphs and know the timing of QE1 and QE2 (look them up if you don’t know what Fed QE is) you can see them reflected in M2 and even M1 if you have a good eye. Rising M1 and M2 and QE1 and QE2 should have been powerfully inflationary. They were not nearly as inflationary as was hoped.
This graph that you posted, unfortunately does not go out to cover the current situation.

But if it did the current unemployment rate is less than 5% and the current inflation is less than 2%. We have been going through a period like 1992 to 1996 where we had decreasing unemployment with low inflation. The link between unemployment and inflation is not constant but more situational mostly with unemployment rising and inflation dropping due to recessions.
Moderate inflation is desirable and deflation can be catastrophic.
I don’t see Bitcoin as a solution to the problem you present or even acknowledge that the problem you present even exists.
Bitcoin is Global already but it is not universal or ubiquitous and lacking an associated currency will hamstring its adoption. Until good and services are priced in Bitcoin every transaction will be as difficult as paying with gold.
With Bitcoin’s value rising why would I buy something with Bitcoin today when it will cost less tomorrow?
TEK
