They say Ethereum is deflationary now I have a hard time believing that does anyone know if there’s a catch? It just sounds too good to be true.
Discussion
They get rid of tokens so that the ones currently in existence are worth more, it’s counterproductive, what happens when they run out of ETH to burn???
Yeah but they burn ETH through transaction fees I just highly doubt they’re burning more ETH than people are making off the staked rewards. Right now I think most people who stake ETH can’t even move it at all so I feel like ETH looks deflationary until everyone starts selling their proof of stake coins. Guess time will tell either way ETH runs on servers now so it’s complete trash.
Is PoS “printing” more ETH?? I didn’t know that’s how it worked that’s disgusting 🤣🤣🤣🤣
I think they’re printing ETH never looked too far into it. Pretty sure these people get a fixed interest rates when they stake ETH I don’t know how they could do that plus burn coins all off transaction fees. They must be making more ETH to pay off the stakers.
Yeh yeh I see what u mean🤣🤣🤣it’s a lost cause bro