Watching eth stakeholders make every mistake bitcoiners have intentionally avoided is gold.
Provides clear context re: the value prop of bitcoin compared to altcoins. Now we have a perfect case study to point to when questioned whether bitcoin's current path forward is the best option:
-Move slow, and conservative.
-Prioritize censorship resistance and robustness.
-Scale using layers.
-Avoid hard forks at all cost.
-Don't fuck with supply schedule.
-Keep it simple, stupid.
@mattodell insane how short sighted fiddling with monetary policy is.
if 60% of ETH are staked, and ETH grows at 3% a year, you'd need 21% inflation to give stakers a 15% yield (the minimum any serious allocator would demand for an asset on that risk spectrum)
it is inevitable that high inflation is reintroduced