[kmeisthax]

What prevents miners from refusing to process certain transactions they don't like? Or the developers from pushing through a softfork that considers those transactions invalid? Dilution isn't the only threat a monetary system can face.

It is, however, the one failure mode of commerce the extremely rich actually need to worry about. Bitcoin isn't any less cult-like than XRP, they both are downstream of the whole "sound money" nonsense which exists to sell the regular folk on insulating the rich against this one particular threat.