Apologies in advance for what I think is probably a stupid question but there's something I don't quite understand. I have tried to look on the website/read through here but I can't find an answer so Im probably just not understanding it properly.

There's 4268 genesis addresses, each generating new MNE every day (~8000 a day) until eventually we hit 136,576,000 MNE. Is it just people with the genesis addresses who are generating these new MNE, or does everyone holding some MNE generate new ones?

If the former, then I can't understand why I would buy MNE when the total supply is going to increase from 400k today to 136m (albeit over a long time period). With the price at ~$10, say I bought 50 MNE today, surely that is going to be eroded massively even by this time next year when we will have gone from around 400,000 today to 3.3m? But if the latter then I can't understand why people are buying genesis addresses.