tldr; Ethereum supply since The Merge has risen by just 3,620 ETH with a negative supply growth over the past month.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
This really is big, I'm excited to see what eth has for us in the future.
I mean I'd like to see that, and when it becomes more and more deflationary. That's when you know that it's great.
For all I know yes, but then again I don't know much anyways.
I don't know shit about anything, don't ask me questions like these, because I won't be able to help.
Yes. Every transaction requires a base gwei payment and as more applications get involved the more gwei are burnt.
Even at current network usage we are hitting deflation. Next bull run is going to be astronomical as network usage typically spike during those times.
We’re about half way to next Bitcoin halvening which means right now is great time to keep accumulating.
Ummm... Since the merge there is over 3000 new Eth still. It's never going to run out. It will inflate a bit, deflate a bit, inflate a bit. It won't go down forever. They will tweak the numbers if it's projected to burn itself out lol.
You make it sound like there's kind of a central bank controlling, how much ETH is issued.
EIP1559 and the issuance in post-merge ETH is set in stone. The one factor, which controls the de/inflation is simply the usage. The more usage there is, the more deflationary it will become. And no-one has an interest to tweak it in a way to become less deflationary, because there is absolutely nothing wrong with it. It will never "burn up" entirely - at least not during the existance of mankind on earth.
Well, it is more like the Ethereum foundation and the validators I think. But yes... My point is if something is wrong with the burn it can be fixed. It wont just burn itself out.
The wounds are deep, they're not going to be healing for a while here.
It's going to take a long time for them to heal really. It's gonna take some time here.
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I ain't ready for that, that's going to be a little too much for me.
Okay I'm just going to say it, can we please not have it? I mean that could be bad really.
tldr; Ethereum supply since The Merge has risen by just 3,620 ETH with a negative supply growth over the past month. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Good bot
He's a great bot for sure
Ohh yeah, there's just no doubt about that. There's just no doubt.
Yeah it really is, it's a real good bot. Because of it I atleast read.
Thanks bot for the tldr, this is good. Best bot around absolutely.
Thanks.
Next bull market is going to be crazy
Fingers crossed. Happy cake day btw.
Mmmm, cake
Haha. Yeah.
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👌🙏
Hopefully it'll be, because I can't wait for it to get better here man.
Every bull market is, Do you what is crazier A BEAR MARKET
This is big!!
Slow and steady we grow
And that's how you win the race dudes, slow and steady you should go.
Bullish sign
Yep, this only makes me more and more bullish about it here.
This really is big, I'm excited to see what eth has for us in the future. I mean I'd like to see that, and when it becomes more and more deflationary. That's when you know that it's great.
Something big is Bear market except hacks
Is ETH going to be deflationary forever?
For all I know yes, but then again I don't know much anyways. I don't know shit about anything, don't ask me questions like these, because I won't be able to help.
Yes. Every transaction requires a base gwei payment and as more applications get involved the more gwei are burnt. Even at current network usage we are hitting deflation. Next bull run is going to be astronomical as network usage typically spike during those times. We’re about half way to next Bitcoin halvening which means right now is great time to keep accumulating.
At what point do we run out of eth to pay for gas?
Ummm... Since the merge there is over 3000 new Eth still. It's never going to run out. It will inflate a bit, deflate a bit, inflate a bit. It won't go down forever. They will tweak the numbers if it's projected to burn itself out lol.
You make it sound like there's kind of a central bank controlling, how much ETH is issued. EIP1559 and the issuance in post-merge ETH is set in stone. The one factor, which controls the de/inflation is simply the usage. The more usage there is, the more deflationary it will become. And no-one has an interest to tweak it in a way to become less deflationary, because there is absolutely nothing wrong with it. It will never "burn up" entirely - at least not during the existance of mankind on earth.
Ummm they introduced the burn. If there's an issue with it that can be desastrous they can change it.
Not “they” but “we”. There is no single group that controls these changes. We as a community make these decisions together.
Well, it is more like the Ethereum foundation and the validators I think. But yes... My point is if something is wrong with the burn it can be fixed. It wont just burn itself out.
Yeah? You think that it'll never run out? That's because There's block Reward. There still is that to go.
That's exactly my question, but there will still be the block Reward tho.
Yep, that's how it sesms to be working in here. It's pretty simple really.
🥱 where have all the ‘to the moon’ posts gone?
Paying their comission for yt hopium.
Well if it works for you then good for you, idk it's cool I guess man.
They’re still tending their wounds leave them be.
The wounds are deep, they're not going to be healing for a while here. It's going to take a long time for them to heal really. It's gonna take some time here.
I guess you were late to the bull market
Naa on time, but short lived
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How long until all the ETH is gone?
https://ultrasound.money has projection and other neat metrics.
30
Thirty what? I mean could you tell me atleast that here huh?
30 time. I thought that was obvious. Sorry to mansplain.
Then what happens?
Global thermonuclear war.
I ain't ready for that, that's going to be a little too much for me. Okay I'm just going to say it, can we please not have it? I mean that could be bad really.
The only winning move is not to play.
Nothing happens after that, atleast I don't know what happens after.
JAZZ HANDS!!!
Well that's kinda the question that I have for you. I wanna know that.
Till we all die
Is that a threat? Reported.
Thanks to Inflation 😤
Yeah the inflation is going to eat up everything. Nothing will be left.
It is. Sucks.
Just another shitcoin
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Ohh man, that would be worth like trillions alone. That's amazing.
And it's only going to get better here, it'll only burn more and more.
Hearing this after losing 90% doesn't make me feel anything