If it’s not just a vehicle for speculation why limit the amount of coins mined?
Of course there is speculation, it is a currency. An infant currency, you are simply putting the cart before the horse and calling it a tulip craze with understanding of how it works.
“Simple, to prevent currency debasement, inflation from increasing the monetary supply.”
Money supplies should increase to match the economy they are used in. If that happens in the correct proportion it is not inflationary.
“it is a currency. An infant currency”
If a currency what percentage of the value being used as a currency, and what percentage of the value is speculation?