Rich Nost on Nostr: ETH was supposed to be deflationary (uLtrAsOUnd mONeY) after its switchover to proof ...
ETH was supposed to be deflationary (uLtrAsOUnd mONeY) after its switchover to proof of stake. Fee revenue was supposed to be burned at higher rates as usage rose, but, well, usage didn't rise, so the burn rate dropped, leading to the merge having no material effect on the supply.
When your primary incentives are virtualized, untethered from any physical law, turns out your chain becomes even less special. People just seek out another EVM among many on which to do their unproductive speculation.
'The merge" looks more like "the dirge.
When your primary incentives are virtualized, untethered from any physical law, turns out your chain becomes even less special. People just seek out another EVM among many on which to do their unproductive speculation.
'The merge" looks more like "the dirge.
quoting nevent1q…hmu4#Ethereum to #Bitcoin Ratio Hits 4-Year Low—Here’s Why
https://decrypt.co/304517/ethereum-to-bitcoin-ratio-hits-4-year-low-heres-why