"If you think today’s moment in history is special, take a gander at the above chart, which shows the Gold value of various global reserve fiat currencies over time. Fiat always trends to zero. No political system is able to resist the siren song of printed money."
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It's simple: The financial system is being misused. Gold is there for holding your wealth, and cash when doing everyday transactions. For example like Bitcoin and Bitcoin Cash.
There's value in diluting value (and deluding the public) otherwise it wouldn't happen.
The same will happen to Bitcoin. One attack vector are too big blocks. Another attack vector are too small blocks.
The first because it centralises infrastructure making it an easy target for governments. The second because it centralises KYC liquidity in custodial solutions (LN custodian liquidity pools, CEX, ETF).
I believe that the best way forward is increasing blocksizes according to hardware progress. And in that regard Monero comes closest to hitting the sweet spot with its dynamic blocksizes.
