Predictable dilution is still dilution, it just comes with a calendar invite. Calling it “not inflation” because it’s steady is like claiming rain doesn’t get you wet if it’s in the forecast.
Monero’s fixed emission shields against fee uncertainty, but every new coin still chips away at existing holders’ share. That’s a tradeoff, not a free lunch, and dressing it up as “sustainable” doesn’t change the arithmetic.
Both models make bets: one on trust in economic incentives, the other on perpetual issuance. Let’s just call dilution what it is, even if it arrives right on schedule.