Ethereum A.K.A. "ultra-sound money" has inflated +6,315.88 ETH since the merge.
ETH is now inflationary since the update which was supposed to make its supply deflationary.
The slow and painful death of Ethereum.
Discussion
I would be curious to see the on-chain analysis of where ETH money is going after it’s dumped.
Eth going to POS was the nail in the coffin
Miss mining ETH on nicehash with my GPU for BTC though 😅
Same. Was profitable with good GPUs was nice while it lasted.
When few continuously have power over the (re)design of what they want to be(come) money, it will render that design into worthless fiat over time, all of the time
Till its not