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And after thinking some more about this ... I'll play devil's advocate and I'll bite since I am interested in your reply.

Nah, how about another centralized money printer. We'll do better this time!

How is Ethereum printing money? I thought it's less inflationary now than before with PoW:

https://i.postimg.cc/xTrsv9rq/2022-09-21-193940-1920x1080-scrot.png

See https://ultrasound.money/

As you probably know, bitcoin's inflation rate is also trending towards 0 in the long-run. And we have reasonable assurance that it isn't going to change. Ethereum changes it's monetary policy when it suits them.

Long story short, I believe pow is a better way to secure a network, so I'll tolerate a 1.7% inflation rate right now (halving every 4 years) to bring miners into the fold.

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25 sats \ 1 reply \ @ek 22 Sep 2022
Ethereum changes it's monetary policy when it suits them.

Ah, I see and agree. So that's what you meant with

"Nah, how about another centralized money printer. We'll do better this time!"?

?

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Indeed!

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