You are viewing a single comment's thread from:

RE: The Ethereum Inflation Problem

in LeoFinance3 years ago

EIP 1559 update about ETH predicting fees coming next month would also be bring some ETH as well and combined with ETH 2.0 ETH can become deflationary if used enough. The 7% inflation of locked token isn't much because only 5% or less than that ETH is locked in for 2.0. & With it officially launches, Proof of Work/mining rewards will be gone. There is enough data to see where ETH is currently heading. Inflation isn't that bad, what drives the price is use case and development of new things. And ETH is doing both.

Sort:  

LOL so two chains both creating their own inflation rates once combined is just going to be a smooth transition according to you?

Inflation isn't bad then why not just stick in fiat because ETH is going the same way crypto peeps play themsleves off as cynical of the system but only want the same system with these coins as long as they are the ones being enriched it's gross

Time will tell how both chain transition, but POS inflation of 7% is only on 5% of supply and if we convert it to overall supply it is 0.35% which isn't a big number. Also Everybody is condensing on this as it is a blockchain.
We have inflation on hive which is used to pay rewards and witnesses. IF demand/development is more than inflation, price would definitely grow over time.

You must remember this is 2 years of 7% increase that will be released ALL at once, this isn't a case of staggered daily and then how long does that supply have to be removed through their burning? Especially when there isn't definitive numbers to work with here, its all based on assumptions

Why would I want to hold something with such a shitty monetary policy? Nope not for me

HIVE has inflation yes and how many have called for it to be decreased? Lol has that inflation done anything to capture new users lol I doubt it by the results its actually been a net negative.