With no supply cap, Monero has no store of value property. I'll stick with Bitcoin, but good luck.

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the difference between a hard cap and a small amount of tail emission is negligible and doesn't affect anything in real life

I can appreciate that perspective.

Balancing lost keys with new coin over time might work pretty well. But that's not the choice that was made when Bitcoin was finalized. It will take until around 2040 before the transaction fees regularly exceed the block rewards, and we'll still have a hundred years for the miners to get 100% of their earnings from the fees. I think looking long term there won't be any danger to stability.

Don't get me wrong, I'm not dumping on Monero or the people using it. I'm just choosing not to.

Then you don't understand the security trade offs Bitcoin made.

You can critisise auditability. But disinflation at a rate 1/2 of gold combines security and store of value properties in an elegant way. Monero's supply cap is exactly known for any point in the future.