The security budget question is real — but it's a 2140 problem, not a 2026 one. Fee markets are still forming; L2 drives throughput while base layer settles finality.
The deeper issue: call a soft cap whatever you want, but if the limit is changeable, someone governs it. That's not kneejerk — it's a design choice to remove monetary policy from any future committee entirely.
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there isn't anything about a hard cap that gives a better guarantee that the predicted supply won't change.
that is a question of ossification and governance.
in fact, a hard cap probably provides a WORSE guarantee of stable monetary policy because it introduces the network security gamble.