Ethereum
Discussions about Ethereum - Channel rules: https://warpcast.com/shazow.eth/0xd420def9
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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
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