It's such a shame that the premier cryptocurrency chose a speculation friendly emission that concentrated wealth on early adopters (its creator included) rather than a speculation resistant pure linear emission (no halvings) that would give future generations their fair share to mine.
It's by design. Either the inventor knew what he was doing, or was tricked by someone who knew what they were doing. Perhaps it was invented by someone who made a lot of money speculating on gold so they knew how the model worked.
Luckily there's more than one cryptocurrency. Many of the current generation have asymptotically constant tail emissions, which doesn't really solve the underlying mismatch between emission and demand, but at least doesn't make it deliberately bad.
Well, there was one that tried to maintain a constant US$ price by cross-leveraging all of the risk onto a sister currency, but that crashed pretty hard (partly by the algorithm not working as well as thought, and partly by deliberate rugpull).
One that I'm aware of is radically different and allows both positive and negative balances that decay towards zero; although I don't really like that one's implementation, that feels like an idea worth exploring. It's pretty much incompatible with any traditional currency though.
Last time I named specific cryptocurrencies I got downvotes for advertising so I won't.
