1/400,000,000 is bigger than 1/500,000,000, yes?

No because Hive is not a unit of account.

It's collateral that yield farms, governance power, and bandwidth all at once.
If my collateral gets "diluted" by 25% but the value of the token trades flat or up then I've lost absolutely nothing.

If a publicly traded company decides to print stock out of thin air and dump it onto the market there's a reason why the stakeholders allow this action. They allow it because the company is generating income for an investment and the expectation is that this investment is going to pay off more than the cost of dilution. I'm not sure how many ways I can rehash this statement: if the value of the collateral goes up more than dilution (because of the dilution) then it isn't dilution but rather a very wise investment.

Even a failed investment isn't dilution; dilution only occurs if a bad-actor can print money and give it to themselves and their cronies. You seem to have it in your head that this is what happens 100% of the time. It does not.

You also haven't factored in the possibility that printing more money increased decentralization which in turn increases the security and value of a dpos chain intrinsically. Of course we could just lump this in under the "smart investment" category along with everything else.

Considering how long this discussion has dragged on you better have at least 75% of your portfolio allocated to Bitcoin because that's the only asset in the world that aligns with the viewpoint you're expressing.