Hacker News new | ask | show | jobs
by BobbyJo 1895 days ago
Maybe I'm a huge cynic, it certainly wouldn't surpris me, but I think the people pumping up crypto this cycle aren't necessarily the kind that care about the difference. If anything they'll stay away from ETH because it lacks a long term cap.
1 comments

One of the changes going into the July update is a transaction fee change that burns (throws away) part of the transaction fees. That will put some deflationary pressure on total issuance, while at the same time, when they switch to the staking chain total new issuance will be drastically cut since running a validator is far more efficient then mining.

What the long term inflation rate will be then is really set by the demand for transactions and how much congestion there will be on their network, driving up transaction prices and fees burned (or not).