TL;DR
-
If Ethereum wants to scale AND continue to hold the title of ‘Ultra Sound Money,’ it needs to move from the Bloomingdales model, to the Walmart model.
-
If Ethereum’s transaction rate goes down (like it has recently), the supply of ETH actually goes up, watering down its overall value.
-
So in order to stay ‘ultra sound’ Ethereum needs to become the Walmart of crypto: Instead of processing a small amount of global monetary transactions at high fees (anywhere between $3-3000), the ETH network needs to transition to high transaction volumes, with super low fees.
Full Story
Bloomingdale’s 2022 revenue = $2.8B Bloomingdale’s model = sell expensive items, in low volumes.
Walmart’s 2022 revenue = $573B Walmart’s model = sell cheap items, in high volumes.
If Ethereum wants to scale AND continue to hold the title of ‘Ultra Sound Money,’ it needs to move from the Bloomingdales model, to the Walmart model.
Confused? Here’s what we’re on about:
Every month, there’s a certain amount of new Ethereum created, with no cap on how much can be created in total, over time.
To combat this constant inflation rate, a chunk of each fee is destroyed every time an Ethereum transaction is made.
The more ETH transactions are made → the higher the transaction fees become → the more ETH is burned.
…the idea being that the total amount of Ethereum will actually decrease over time, as more people start using it (giving it the title of ‘Ultra Sound Money’).
The only problem is…
If Ethereum’s transaction rate goes down (like it has recently), the supply of ETH actually goes up, watering down its overall value.
So in order to stay ‘ultra sound’ Ethereum needs to become the Walmart of crypto:
Instead of processing a small amount of global monetary transactions at high fees (anywhere between $3-3000), the ETH network needs to transition to high transaction volumes, with super low fees.
Step 1: ensure low fees, regardless of current transaction volume.
(Because no one is going to adopt to a global monetary network that’s charging $3-$3000 a piece, in fees).
how to get clomiphene without prescription clomid cost of clomid for men where to buy clomiphene where to buy cheap clomid pill where can i buy generic clomid where to buy clomiphene without dr prescription
Thanks for putting this up. It’s evidently done.
More peace pieces like this would urge the интернет better.
purchase zithromax online cheap – metronidazole uk metronidazole 400mg cheap
buy rybelsus 14 mg sale – buy semaglutide 14 mg sale periactin 4 mg drug
buy domperidone for sale – purchase flexeril without prescription purchase cyclobenzaprine generic
buy clavulanate online – https://atbioinfo.com/ buy acillin without prescription
buy nexium cheap – https://anexamate.com/ buy esomeprazole 20mg online
mobic 15mg without prescription – swelling order meloxicam 15mg sale
buy deltasone 5mg generic – aprep lson order deltasone 10mg generic
male erection pills – https://fastedtotake.com/ buy ed medications
purchase amoxil without prescription – https://combamoxi.com/ amoxicillin uk
diflucan price – https://gpdifluca.com/ fluconazole 100mg pill
buy cenforce 50mg generic – buy cenforce 50mg for sale purchase cenforce sale
ranitidine 300mg without prescription – https://aranitidine.com/# generic zantac 150mg
buy liquid tadalafil online – strongtadafl tadalafil 20mg (generic equivalent to cialis)
With thanks. Loads of erudition! buy nolvadex without prescription
buy viagra in poland – on this site very cheap generic viagra
More articles like this would pretence of the blogosphere richer. cheap gabapentin online
The sagacity in this tune is exceptional. https://prohnrg.com/product/acyclovir-pills/