There’s three issues. First, 1-1 to what? For daily expenses, people want their currency to be stable against consumer goods in a practical way. Second, price inflation doesn’t matter if it’s a small enough that day to day prices don’t change significantly. Third, for a variety of complex macroeconomic factors, the economy runs more efficiently with slight inflation - for instance, it automatically reduces the price of goods that have sticky prices such as wages which reduces unemployment.
> liquidity isn’t an important monetary property
Ok you can define what is “money” however you like, but the fact is that a currency is more useful the easier it is to trade it. The more goods you can buy with it, and the less the market moves when you make a large purchase, the more useful the currency is. In fact this is one of the few areas where Bitcoin has value versus other cryptocurrencies.
> price appreciation doesn’t matter
It proves that the people who said alt coins are scams are silly. Alt coins have value that is increasing faster than Bitcoin. You might disagree with how they generate value or whether they are valuable to you personally, but that doesn’t change the fact that well designed alt coins have outperformed Bitcoin.
