Money always trends toward its marginal cost of production. Proof of Stake is a widespread demonstration of the fundamental misunderstanding of this concept.
Crypto bros, even Monero bois, are more often than not really shitty economists. The same can’t be said of the Bitcoin camp.
A fixed supply, in practice, is a slowly and forever dwindling supply (lost or burned coins). The tendancy for anyone rational will be not to spend because the future value is expected to appreciate indefinitely. Hodl mentality. Bad for price discovery, money lending, stablility, etc.
A tail emission (inflation that asymptotically approaches 0%), in practice, is closer to a fixed supply (small inflation rate replaces lost and burned coins)
Look up "Ideal Money and Asymptotically Ideal Money" by John Nash and consider this perspective and that gold also has a tail emission.
