Privacy was the central theme of the cypherpunk origins of bitcoin, not this emerging culture of treating it like an afterthought. You can't have freedom without privacy. And Ngu means nothing if you can't use it as a currency because it is too expensive to transact.
Monero has less inflation than gold. Would you say gold is being debased? There is a major difference between a central party having special privilege to arbitrarily print money out of thin air at virtually zero cost VS PoW/mining it