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To some extent it does. The person moving money is paying transaction fee in ETH creating demand for ETH. Additionally, a part of that transaction fee is burned
by thebean11 4y ago
To some extent it does. The person moving money is paying transaction fee in ETH creating demand for ETH. Additionally, a part of that transaction fee is burned (permanently deleted) creating a deflationary effect on all other ETH.
- arcticbull 4y agoI can see that argument, yeah. Curious to see it quantified, but I concede.
- thebean11 4y agoThe ETH burning is easy to quantify: https://watchtheburn.com/ https://watchtheburn.com/ Currently there are inflationary block rewards so the net may still be ETH creation (depends on the day). That will change after the merge when inflationary rewards are removed though.