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Destroying ETH is indeed widely considered a good thing. Since the middle of last year, a portion of the fees for every transaction is burned and most ethereum
by sanderjd 5y ago
Destroying ETH is indeed widely considered a good thing. Since the middle of last year, a portion of the fees for every transaction is burned and most ethereum people seem very pleased by this. I've lost track but for a long time last year, ETH was indeed deflationary. The sense is that the value of burned ETH is distributed to everyone on the network in proportion to how much ETH they have.
I don't think it seems so great though...
- Tenoke 5y agoEth is currently still inflationary overall, more is minted than burned in the majority of blocks.