Ethereum does not have an unlimited money printer. It has a specific inflation rate and network protocol controlling it. Its fiscal policy has changed over time, PoW is better, but you don’t have to make stuff up to make that point.
Somebody more knowledgeable than me about Eth can detail that, it’s gotten a lot more complicated in the past few years. But suffice to say a clear economic policy does exist, but it burns coins and/or mints them according to several changing variables within the eth ecosystem, for example, gas fees. But the rules are all out there, written in protocol, for anybody to follow and build around, otherwise the whole system would fail to even operate as a blockchain.
I was just answering your post to basically that Vitalik or whoever doesn’t just have a money printer they can unilaterally turn on.
Ethereum does not have an unlimited money printer. It has a specific inflation rate and network protocol controlling it. Its fiscal policy has changed over time, PoW is better, but you don’t have to make stuff up to make that point.
I didn’t know that. What is the protocol? I know last bull run they dumped huge amounts of ether on the market at the two peaks
Somebody more knowledgeable than me about Eth can detail that, it’s gotten a lot more complicated in the past few years. But suffice to say a clear economic policy does exist, but it burns coins and/or mints them according to several changing variables within the eth ecosystem, for example, gas fees. But the rules are all out there, written in protocol, for anybody to follow and build around, otherwise the whole system would fail to even operate as a blockchain.
I was just answering your post to basically that Vitalik or whoever doesn’t just have a money printer they can unilaterally turn on.