bitcoin's effective use needs a third party. bitcoin developers have utterly failed to deliver scalable self-custody. now they are only able to scale via custodians. this is why you see so many people cheering for things like cashu, or institutions buying bitcoin and leaving it on coinbase. it is scaling via custodians. in a mass adoption scenario only ultra wealthy computer nerds and banks will be able to own their own coins, and everyone else will be forced onto a custodian whether they are responsible enough for self-custody or not. the custodians will have the power to nullify all the other benefits, even the fixed supply, because they are issuing IOUs.

I basically agree with those points regarding gold. but we're discussing supply inflation. and gold never became a poor store of value because of supply inflation iow a fixed and immutable supply isn't a requirement of money. doing so has tradeoffs like everything else but talking like its a necessary property of money is obviously contradicted by history.