Can you provide evidence of no debate, and reasons on why the soft cap is a bad idea when transactions burn eth anyways and the eth inflation rate is around 4% per year, and slated to drop to 0.5%-2.0% with the transition to ETH 2.0?
EIP669 was a difficulty bomb delay. The difficulty bomb was never intended to make monetary policy. The point was to keep upgrades from failing to deploy due to node operator complacency. The difficulty bomb forces them to upgrade their code in some way, either to the upgraded version, or to the same old version with a bomb delay.
Issuance right now is 2 ETH/block. The white paper just promised 5 ETH/block forever.
One exception to this that pops to mind is computers, which have gradually gotten cheaper. Even though you always get a better one if you wait, it hasn't deterred consumers.
That's not a exception; in fact it's probably the most blatant supporting evidence available for "Inflation is good for [...] anything that's meant to be used.". Computers have been undergoing borderline hyperinflation (factor of two every year-and-a-half or so) for decades, and this is extremely good for anyone who wants to use a computer.
You got it the wrong way round. Deflation means when prices are dropping. The price of computers has fallen over time predictably and exponentially, and yet that hasn't stopped people from buying them. The Keynesian argument against deflation is that it disincentivizes people from spending money as they expect prices to drop. This disincentive hasn't prevented the computer industry from being a huge success. The fact that you know that if you wait some time you can get a faster and cheaper computer doesn't prevent you ad infinitum from buying computers.
Kinda unintuitive, but if you look at processing power as a currency, it is actually undergoing hyperinflation (number of computers + processing power increases every year). Meaning you buy a computer, assuming its value will drop (due to the inflationary nature).
> if you look at processing power as a currency, it is actually undergoing hyperinflation
So in relation (for this particular scenario) the USD is undergoing hyperdeflation..?
Whatever you call it the psychological effect with computers is the same as with a rising bitcoin price - you get more bang for the buck the longer you hold off on your purchase.
> Meaning you buy a computer, assuming its value will drop (due to the inflationary nature).
Exactly. Similarly, if you buy a dollar, its value will drop (though not as quickly).
OTOH, bitcoins are the opposite of both dollars and computers: bitcoins are deflationary, and rise in value. This is a terrible property for a currency, since it encourages speculation and hording in preference to circulation.