Shakti Kumar
@shaktisam786
177 Following
99 Followers
0 reply
0 recast
0 reaction
6 replies
186 recasts
224 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
1 reply
2 recasts
22 reactions
8 replies
5 recasts
49 reactions
0 reply
0 recast
0 reaction
Devcon Everyday Day 5 (sorry should have been posting it here too)
ETH is Permissionless Money by @mikeneuder.eth
Saw this live, it was awesome. Here's a summary:
ETH IS MONEY
- Stable supply
- Low, sustainable inflation (0.9% annually, excluding burn)
- L1 burn offsets half of inflation
- L2 activity, in it's final form, can burn significant amounts of ETH, even with subcent txs
ETH is Permissionless
Property Rights of ETH:
- On L1 -> Anyone can store, send, and program ETH without permission
- Rollups -> Scale ETH property rights. Permissionless bridging out retains L1’s property guarantees
- Non-Ethereum DA L2s -> Depend on external data layers, reducing property rights
USD(C/T): No property rights. Companies can blacklist holders anytime
Moneyness of ETH
- Inflation steadily reduced since launch. Post merge, supply growth is effectively stopped
- ETH has inflation + burn:
- High usage = burn offsets inflation, may even go deflationary
- Low activity = still sustainable incentives for validators 2 replies
9 recasts
56 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
99 replies
4297 recasts
6711 reactions
23 replies
9 recasts
74 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
431 replies
19293 recasts
19972 reactions
19 replies
2864 recasts
2276 reactions
200 replies
9123 recasts
6230 reactions