25 sats \ 3 replies \ @ek 21 Sep 2022 \ parent \ on: There is something particularly tone deaf about Ethereum bitcoin
And after thinking some more about this ... I'll play devil's advocate and I'll bite since I am interested in your reply.
How is Ethereum printing money? I thought it's less inflationary now than before with PoW:
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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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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