To me for something to have actual yield there has to be some level of risk involved. Staking on cryptos is essentially a penalty on non stakers. If the supply goes up by the same % as “yield” then it’s just keeping up with inflation.

I kind of look at it similarly to treasuries. Very low likelihood the US gov actually defaults bc of being the world reserve currency. So people get a “yield” but that yield comes by the treasury issuing those bonds to make up for the lack of tax receipts. More monetary units

More monetary units means more inflation. Dollars are diluted. People with more money benefit by keeping up with that inflation by doin nothing. The wealth gap increases.

A person with a billion dollars gets 50 mil a year if there’s a 5% interest rate. They don’t care about 5% inflation bc the amount of money they’ve accrued via doing nothing goes up faster than goods inflation does.

A person with 1000 dollars or 0, suffers disproportionately from the increase in monetary units bc they earn only 50$ a year from treasuries, if they can even invest that. But their cost of living just went up by 5%.

Say it takes 100k to live. The poorer person in the example cost of living goes up by 5k but they only earned 50$. The rich persons cost of living goes up 5k but they earned 50 mil. This is a scam

That’s why the ruling class loves inflation. Cantillon effect. Rich get richer. This is why I don’t like proof of stake as a monetary system. You need a system where work is needed to create more monetary units, otherwise you end up with a system where the rich gain disproportionately