3 ms·
Might be tough to hear but it is money if people use it as money and they certainly are within the Ethereum ecosystem. Bitcoin's promise of only 21m is based on
by cslarson 6y ago
Might be tough to hear but it is money if people use it as money and they certainly are within the Ethereum ecosystem. Bitcoin's promise of only 21m is based on a wing and a prayer (very suspect whether fees can ensure security in place of mining rewards) whereas ETH is based on 1) primacy as money within Ethereum, 2) utility - required for paying Ethereum tx fees, 3) earning potential with PoS staking, 4) deflationary pressure from fee burning under EIP 1559.