Ether Turns Inflationary as Network Revenue Plunges to 9-Month Low \ stacker news ~bitcoin

Ether Turns Inflationary as Network Revenue Plunges to 9-Month Low www.coindesk.com/markets/2023/09/22/ether-turns-inflationary-as-network-revenue-plunges-to-9-month-low/

10 sats \ 3 comments \ @lpop4254 24 Sep 2023 bitcoin

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0 sats \ 0 replies \ @badabing 24 Sep 2023

The less it's used, the more they print? Yikes.

0 sats \ 1 reply \ @FS 24 Sep 2023

I should probably study Ethereum more. I really have little understanding of its mechanics.

They burn ethereum to validate transactions? Thats odd.

0 sats \ 0 replies \ @mallardshead 24 Sep 2023

EIP-1559 in mid-2022 added the burn function to go along with the tip function. Having unfixed monetary policy along with a variable price disqualifies it from ever being sound money.