Monero inflation will also tend against 0. Just like Bitcoin. The only difference is the time frame used.

How could something agreed upon be theft? If you know the inflation rate for ever, you agree on a possible (but not necessary) loss of value. It makes fiat inflation really different from Monero inflation. Another innovative way to manage this with a predefined inflation rate is to use two units, one being the currency as usual, the other being the currency corrected from inflation. I only saw that in this "relative theory of money", only in French at the moment:

Sommaire — Théorie Relative de la Monnaie v2.718

It's being experimented with an actual cryptocurrency:

Duniter | Home

Duniter is a blockchain software powering the Ğ1 libre currency.

I'm not arguing Monero doesn't have inflation, I'm saying it is different from fiat inflation and much more like mining precious metals like gold (anyone can participate, it requires work, and is even more predictable so the market can take into account supply for their future decisions at any point in time - you can't do that with fiat inflation) and if people are voluntarily choosing to opt into Monero it isn't theft. No one forced anyone to buy Monero and it's up to the user to decide if they want to buy it after weighing pros and cons. If they didn't research enough beforehand to know that's their responsibility. That goes for anything. What you say is true, Bitcoin doesn't have inflation, but supply alone doesn't determine value. Demand is also a factor and you can't control demand. Even something with more supply can be more valuable than something with less supply if more people are demanding it. Demand is constantly changing for any good/service/money. The block reward is a constant, not a percent, so you can effectively treat it as zero over time similar to approaching a limit in calculus.

GitHub

Scarcity Fallacy

Bitcoin Cross-Platform C++ Development Toolkit. Contribute to libbitcoin/libbitcoin-system development by creating an account on GitHub.