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

@nic @mattodell

I'm curious, where do you get the 60% stake number from? Are there are POS systems deployed that can be used as a reference for a percentage of coins staked?

Interesting to consider the rate of issuance would affect % of coins staked. I hadn't thought about that before, but it seems obvious now


@htimsxela @mattodell yeah decred and tezos are both real world examples. not everyone can or wants to stake so typically it's some subset, between 40-60%

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