XMR's hashrate is a rounding error of Bitcoin's, and by your own logic, we shouldn't mine Gold and Silver either because it isn't "egalitarian". Those who have more expensive equipment can mine more of it than someone using only a shovel and pickaxe.
"Ease of production and increasing its supply" isn't a factor in the value of a currency. Rather it would have the opposite effect. That explains why Monero is still stuck at $331 while BTC has been outperforming inflation.
Who said that I had any logic? KEK
You may be fluent and knowledgeable in BTC, but you do fail at understanding the "why" of XMR.
You may be fluent and knowledgeable about privacy, but fail to understand the "how" of sound money. If it were easy to mine Gold, and there was an endless amount of it to be mined, it would be economically worthless long-term.
Fallacy. There's an abundance of gold. It is accessible for anyone with the knowledge and gumption to do so. Much like Bitcoin with ASICs, gold does need specific tools to acquire.
I respect the invention of "Programmed Digital Scarcity". It's a solid investment. But BTC has deviated from the original concept.
It's no longer peer to peer money as much as it is a HODL IT ALL function of human short-sightedness.
You can't directly compare hashrate. They're two completely different hashing algos.
There are different advantages to ASIC resistant mining.
ASICs can't match the ubiquity and accessibility of CPU mining. No additional capital investment required. Anyone can start mining.
Simply buying an ASIC makes you stand out. No doubt what it's for.
Heat, noise, and energy draw make ASIC mining stand out.
Last part you're conflating supply and value. Something can have less supply, but be less demanded, therefore less scarce/valuable.
Ease of production (an appeal to labour theory of value - "how hard or easy I worked to create this thing gives it value") or supply alone doesn't determine value.
"Police raid a concealed #Bitcoin mining operation, initially mistaking it for an illegal marijuana farm due to the heat signature"
https://xcancel.com/BitcoinNewsCom/status/1721359382745874489
