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RE: What's the Supply: An Ethereum monetary policy?

in #ethereum7 years ago (edited)

I was active in the Tweet thread about this. Good article.

I would add that the point of a blockchain is not "monetary policy" and blockchains that focus on it to the detriment of everything else are missing the point. Inflation exists to pay for security. It serves a purpose. And for Ethereum, inflation under POS will be less than inflation under POW. Because POS as contemplated allows for a more efficient security design than POW. So Ethereum's inflation should be very low. This has been the design forever yet opportunists and partisans lawyer this point as if Ethereum has crazy highm uncapped inflation. So it goes.

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I saw that, would have liked but I don't have a Twitter.

What was with that troll.

I love this quote. Making bold:

the point of a blockchain is not 'monetary policy' and blockchains that focus on it to the detriment of everything else are missing the point.

EeksTheUnwise eeks tweeted @ 28 Jun 2017 - 14:20 UTC

@VitalikButerin @barrysilbert @newcurrency @VladZamfir @josephjpeters @kallerosenbaum Barry, fix Ethereum inflation… twitter.com/i/web/status/8…

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