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by bigfartchili
2737 days ago
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No surprise that someone in the crypto space is severely mis informed while also making it clear they only truly care about the price. The truth of it is that Ethereum functions better as a system at $10 than $1000. Of course crypto has been hijacked by brain dead speculators so it’s hard to see its true value. |
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Ether is gas, fuel needed on the Ethereum highway. He wants and does things so that less fuel has to be used, leading to a massive supply glut. This means extremely cheap Ether.
At the same time he does things like reducing the block reward from 3 eth to 2 eth, in a seemingly desperate attempt to constrict the supply and stem the cheaper and cheaper prices of eth.
Who complains about cheap gas? Long-only speculators. Nobody within the economy complains about cheap gas.