Oddbean

All of what you say is true, except once you take the first inflation step the market never trusts you again. With money its all about trust. Its like tax, once introduced it never gets withdrawn and only gets worse. The market has voted , xmrbtc is plummeting over the long term. Bloated block chain also a factor ? . Use monero as side-chain to spend privately. Imo

Not sure what you are talking about. Gold has inflation and it has been that way for thousands of years and it is much larger mcap and more trusted with value than Bitcoin. Even Bitcoin has inflation right now. Using xmrbtc price charts is only a single metric and is price discovery in action. Here are a few examples that show the market choosing Monero over time: https://image.nostr.build/975326fdc046527477af1c338f959485e7ff210e5ebd7129dd115c28131f1fa6.jpg https://image.nostr.build/1f90427dc509f688d750d255d92b72f31f9bd43b8d097617e5418697e49f98a7.jpg https://image.nostr.build/4546e4e58976e70d252c1a1dec4e86a1de8d0ddbb577227e85ff069b94a0a277.jpg https://image.nostr.build/80fbb7770109c61e10775484e031bfed633b94e7883c562df5e7e4d6aba2899a.jpg

Then why is it rising by every other metric I've shown? Maybe you are right degenerate gamblers and speculators are the only ones that don't like it. It's clear that those who actually use it are adopting it.