A note on David's argument at the end. Derivatives will shift liquidity of staked eth as a transfer of liquidity from the buyer of the contract to the seller of the contract. Just like a check is a derivative of cash, and a bank buys the check from you. The bank has transferred liquidity to you, but now has to settle the check with the other bank. Liquidity isn't really added. It's just transferred, often for a fee.
Yo, Eth moonboy. All these projections and price predictions and TPS and Eth $1T asset class are so speculative. No knows what will happen. Yo, this guy is projecting a $300,000 per Eth? Yo, please get him checked!
I'll add to the point @6:00 in... economic security in PoW is a bit like BASEFEE in reverse - electricity is burned... and no longer contributes to future economic security.
Might wanna look into what happened in the US after the banks fell during the great depression and it created deflation for the most part, burning does have an effect
Yo, who are these moonboys yo? Billions of TPS? Yo, you are projecting like $300,000 per Eth. Have you you lost it, bro? Yo, come down to planet earth bruh!
A note on David's argument at the end. Derivatives will shift liquidity of staked eth as a transfer of liquidity from the buyer of the contract to the seller of the contract. Just like a check is a derivative of cash, and a bank buys the check from you. The bank has transferred liquidity to you, but now has to settle the check with the other bank. Liquidity isn't really added. It's just transferred, often for a fee.
Yo, Eth moonboy. All these projections and price predictions and TPS and Eth $1T asset class are so speculative. No knows what will happen. Yo, this guy is projecting a $300,000 per Eth? Yo, please get him checked!
First 🦇🔊
I'll add to the point @6:00 in... economic security in PoW is a bit like BASEFEE in reverse - electricity is burned... and no longer contributes to future economic security.
Very valuable information. Thanks
Love the education here
Good staking reference lol
Bullish
this is never going to work. burning tokens doesn’t actually matter
Might wanna look into what happened in the US after the banks fell during the great depression and it created deflation for the most part, burning does have an effect
Yo, who are these moonboys yo? Billions of TPS? Yo, you are projecting like $300,000 per Eth. Have you you lost it, bro? Yo, come down to planet earth bruh!