For those that developed rust in their barrels after shooting moly, I bet those same shooters would have rusty barrels if they shot bare bullets.
Gun powder fouling does attract moisture and in humid climates you will get rust issues. Why cleaning after shooting became the 'norm'. Really didn't do much for accuracy except to keep rust away.
If moly was hydroscopic (attract moisture), it would be a large hard lump in any package if left open. I have the same pouch of moly I use for coating open to the atmosphere for over 7yrs. Still a wonderful fine powder. Don't think it likes water.
I don't buy the moly causes rust thing. I am a very lazy person when it comes to barrel cleaning. In fact, I almost never clean my rifles and store without any bore treatment between range sessions.
My climate and storage area are quite dry. Simply no rust issues at all and I use moly bullets alot.
Moly can help provide a stable barrel for lots of accurate shooting between cleanings. When I clean, I just remove the fouling that is affecting accuracy (usually a few strokes with a dry very stiff nylon brush, that's it). I do not clean to bear metal as I have found that to be a waste of time. I most certainly do not want to remove the moly layer.
Pros and cons galor posted all over the shooting internet. I am pro moly especially in production or surplus barrels. Where the barrels are less the match BR lapped smooth, it does make a difference.
Jerry