Garrytan.eth expressed “US dollars is the equivalent of allowing the US government to change the amount of value you own just by creating more of what you already have. That is unsound.
Bitcoin in contrast is sound money. There will only ever be 21 million Bitcoin. It is what got us to where we are now in the crypto adoption curve. Sound money does not lose its value. And, that is where Ethereum comes in to play. Here is why Ethereum might actually be ultrasound money. There is a new proposal going in to effect in July called EIP-1559. This will actually reduce the amount of Ethereum and theoretically it means that at most there will only ever be 120 million Ether.
And, the supply will actually go down over time. Hundreds of millions of dollars’ worth of Ether will be burnt per year. This is why Ethereum will become ultrasound money.
Ultrasound money becomes more valuable over time because it is more scarce. And, this is important. It is one of the big reasons why Ethereum is headed to 10,000 dollars.”
It is a world filled with new age investors, gurus and veterans like Warren Buffet. Each of them have different views. Who is correct is dependent upon the kind of perception we develop towards each of these theories.
Those who are looking at things with beginner eyes have a different perspective. Those who are looking at things through the perception of their experience have a different view. Like in anything it is important to do your own research and pay attention to what one thinks will actually work.
Every investor accumulates for a reason. And each of them expand on their belief system around the use case. If the established use case is something that makes sense to the onlooker, then they need to invest.
Community Musings: Ethereum operates on the golden rule: he who has the gold makes the rules. To be fair, so does bitcoin. Bitcoin’s decentralization is just more mature and probably will remain more decentralized and secure. Decentralization is a spectrum.
ETH future monetary policy is completely unknown and is at the whim of whoever happens to be running the narrative – whether from the inside, or out. Ultra-risky, not ultra-sound.
