ETH supply issuance has been only reduced and evolving to PoS will get close to 0%.
Every blockchain can fork to new monetary policies. Is Ethereum evolving and forking to rapidly achieve ~ 0% a bad thing?
You argue that the community choosing the future of Ethereum can lead to wrong decisions. I argue that not choosing any decision at all would inevitably lead to catastrophic results.
Even with Bitcoin finally archiving the most fancy implementation of Lightning Network, forks will be needed to archive decent scalability. 1MB block-size is not enough to open, rebalance and close the needed amount of payment channels. That will inevitable lead to multiple Bitcoin forks and chains.
I appreciate the wisdom here. It is a very dense topic and requires true understanding of the system we have today and why it is flawed. Fiat currency has played an integral roll in the creation of our society and I believe some form of fiat currency is necessary for a brighter future. Having said that, the reason I am a btc holder and crypto miner is because I KNOW how problematic our implementation of fiat currency is. Now, I don't fully understand the ethereum blockchain but what I thought I knew is that it was coming out at a steady and agreed upon rate. Which makes HUGE sense for a successful implementation of money. Think about it. Picture yourself as immigrant and you finally successfully get your family to a safe country and it takes every penny you've ever owned, but you did it! Now you're here! You open a shop and the survival of your family depends on that shop making money. The currency being used is bitcoin. After your first week you get robbed. There is no insurance on btc. There is no bank to forgive you. Your done. I don't want to be a part of a society like this. If there is a slow but steady supply of a monetary unit, we can start to make calculations based on that. Stolen money can be renewed when the new money is created. Again this only makes sense in terms of open-source, open ledger and an entire community that agrees upon the rate at which it is created.
Design of Bitcoin is flawless & compromising it at any level is highly unlikely. However, ERC20 tokens or DeFi protocols are inherent properties of Ethererum' network and bound to benefit entire humanity. Bitcoin could be considered as long-term SOV asset with zero pollution & Ether could be treated as daily medium of exchange fuelling various applications.
So many words.
ETH supply issuance has been only reduced and evolving to PoS will get close to 0%.
Every blockchain can fork to new monetary policies. Is Ethereum evolving and forking to rapidly achieve ~ 0% a bad thing?
You argue that the community choosing the future of Ethereum can lead to wrong decisions. I argue that not choosing any decision at all would inevitably lead to catastrophic results.
Even with Bitcoin finally archiving the most fancy implementation of Lightning Network, forks will be needed to archive decent scalability. 1MB block-size is not enough to open, rebalance and close the needed amount of payment channels. That will inevitable lead to multiple Bitcoin forks and chains.
I appreciate the wisdom here. It is a very dense topic and requires true understanding of the system we have today and why it is flawed. Fiat currency has played an integral roll in the creation of our society and I believe some form of fiat currency is necessary for a brighter future. Having said that, the reason I am a btc holder and crypto miner is because I KNOW how problematic our implementation of fiat currency is. Now, I don't fully understand the ethereum blockchain but what I thought I knew is that it was coming out at a steady and agreed upon rate. Which makes HUGE sense for a successful implementation of money. Think about it. Picture yourself as immigrant and you finally successfully get your family to a safe country and it takes every penny you've ever owned, but you did it! Now you're here! You open a shop and the survival of your family depends on that shop making money. The currency being used is bitcoin. After your first week you get robbed. There is no insurance on btc. There is no bank to forgive you. Your done. I don't want to be a part of a society like this. If there is a slow but steady supply of a monetary unit, we can start to make calculations based on that. Stolen money can be renewed when the new money is created. Again this only makes sense in terms of open-source, open ledger and an entire community that agrees upon the rate at which it is created.
Design of Bitcoin is flawless & compromising it at any level is highly unlikely. However, ERC20 tokens or DeFi protocols are inherent properties of Ethererum' network and bound to benefit entire humanity. Bitcoin could be considered as long-term SOV asset with zero pollution & Ether could be treated as daily medium of exchange fuelling various applications.