I suppose btc has first mover advantage, and thus a larger market cap, a bigger network, and more users. They also say it can't be inflated, unlike Monero.

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Lets say someone found a bug in moneros code which makes him able to mint xmr infinitely in private, at what moment do people realise this bug?

You would find out indirectly via market prices with Monero.

But nothing could be done about an exploited supply inflation bug in either Bitcoin or Monero.

The only two options:

1. Destroy the fake Bitcoin and throw users who gave away real products and services under the bus.

2. Leave the fake Bitcoin and break the 21 million meme

No good solution. Both would destroy confidence and screw over others.