HanShan on Nostr: the point is that gold remains hard money *despite* supply inflation. its ridiculous ...

the point is that gold remains hard money *despite* supply inflation.
its ridiculous for any serious person to insist a supply cap is a requirement for "hard money"

a hard cap is a tradeoff.
like tail emission is a tradeoff.
neither one are "superior" they have different incentive structures.

hard cap incentivizes SoV
tail emission incentivizes MoE.

there IS an unavoidable game theory problem with only part of the network paying for security costs on Bitcoin.
and as far as "winner takes all", the world is a lot more complicated than that.
insisting you know how things will turn out is just out and out hubris.