I blame the bubbles. What would have worked well is for Bitcoin to have gradually gained interest and mainstream adoption. Then the price would reflect this growing demand and the market cap would increase at a steadily rate that would have made the inflation irrelevant. Look at what happened in 2012 as an example. Bitcoin slowly appreciated in price in a sensible manner. Instead what we got were a series of bubbles, bear markets, and butthurt "investors". Bitcoin isn't the problem. We are.