/biz/ - Business & Finance

Far less inflationary than mining, but still funny. Network activity and fees/burns are low due to the Fed and crypto markets shitting themselves the last couple days.

>>51480561
Burning is low because nobody is transacting on ETH.

>>51480561
It's not that, it's everyone staking and getting the lock-up to avoid supply dilution which they can't even unstake at this current state in time with no ETA when unstaking will be coded into the chain lmao

>>51480567
this is the exact issue eth fuckheads would not listen to. a deflationary asset has far less incentive to be spent. why transact on the network when you could hold and generate risk free returns? eth will stagnate, and die. fucking retarded eth faggots seethe below with your zero knowledge of how deflation in a currency impacts consumption

>>51480567
this kek
i legit hope this shitcoin dies, i have posted now for a few years that one day there will be Enron style documentaries about ETH imploding into nothing.

>>51480576
>which they can't even unstake at this current state in time with no ETA when unstaking will be coded into the chain lmao
no refunds lmao

>>51480579
>risk free returns
wrong
you have to consider
-slashing
-yields are not dividends or returns, it's just that if you stake you don't get diluted, if you don't you get diluted
if you think proof of stake rewards are dividends you didn't pay attention to all the layer 1 shitcoins

>>51480673
stop trying to sound smart, youre embarrassing yourself.

>>51480673
>slashing
not an issue if you behave as a validator.
>yields are not dividends or returns
they quite literally are. you get eth by simply having it - same as with stocks that pay dividends.

>>51480530
>money
>i.e. currency
>deflationary
>ever a good thing
You unironically need a little bit of inflation for a currency to actually work as a currency

>>51481063
You don't need a computer with a good CPU and reliable, fast Internet to run 24/7 and not make any mistakes to get dividends on stocks.

>>51480576
yet people still hate on miners for producing blocks, issuing more eth, selling it on the market for others to buy

>>51480708
zey vill slash zhur validators.
you vill be slashed.

>>51481063
eth is not currency. it's more like a commodity so it makes ton of sense to back currency that you have issued on ethereum with eth. it doesn't make sense to use eth itself to transact.

>>51481751
its a shame you cant use anything else to interact with the smart contracts (the purpose of ethereum)

>>51481757
i'm not sure if i understand what you mean by that. like using token from another blockchain entirely or something?

>>51480579
Ultra sound money is a retarded meme spouted by twittards, actually read the spec subhuman.
If nobody transacts, gas price goes down, people get inflated away.
It's not uncle JPOW deciding to print or not, an algo is at the helm.

Granted it's not proven at all, since it has never been attempted anyway.

>>51480530
https://bitcoindashy.com/

>>51481079
very scientific metrics there

>>51480579
midwit take

>>51481063
I wonder who is behind this post

>>51480530

>>51482784
It's fucking over. ETH is going to 0.

>>51481063
you need inflation to have growth in a circular economy, otherwise it would shrink because wealth is always hoarded
inflation is a tax on hoarding wealth, it doesnt apply to anyone actively providing value to the economy
exactly what happens to all of these shitcoins, affectively making them nothing more but a shitty pyramid scheme

if shitcoins are currency, why arent you using them right now?

>>51481063
>>51482976
go back to r/keynesiasm or some shithole you came from, tourists

>>51482833
>simulate pow

>>51483024
>differing opinion
>IT MUST BE REDDIT ALL I THINK ABOUT IS REDDIT REDDIT REDDIT

faggot

>>51482976
Do you not understand that you’re arguing for slavery?

>we have to make peoples wealth evaporate or else they won’t wage their whole lives

>>51483024
answer my question
>if shitcoins are currency, why arent you using them right now?

>>51483024
Id rather they kill themselves.

>>51480530
Bitcoindashy.com

With pow there would be +30,000 eth though, so +1000 is 1/30th the amount.

>>51480579
It's only deflationary if people use the network, if they don't then the supply rises.
Besides tx costs are next to nothing on L2, arbitrum fees for a single tx is 4 cents, a bit more for a swap.
The days of paying 80 bucks on a DEX are over, so are alt L1 btw.

>>51483095
within a circular economy, without a tax on the hoarding of wealth, if you allow one to hoard his wealth, everyone else must lose
existing wealth is only returned to the economy according to the holders of the wealth
wealth is no longer tied to value provided, rather power and influence
early adopters win, late adopters lose: a pyramid scheme, slavery for the lower caste

you cannot have a monetary system and a growing economy without inflation
the only alternative is bartering

>>51483281
Why yes I support this, how could you tell?

>lock your eth up
>no date or even an estimate as to when you can withdraw
>all the while the price plunges and the supply keeps inflating
Holy fuck it’s actually over. All because muh tree.

>>51483281
>words words words

Inflation is just slavery with extra steps. You’re just smart enough to understand your textbooks argument but not smart enough to refute it.

>>51483539
i dont read books, im not retarded