World's First Deflationary Currency | Ethereum

There are 7 characteristics of money, the most important being that it's supply is scarce which makes it a good store of value over long periods of time. In this video, and in my series "The Future of Money" I argue that the most efficient money is ultimately chosen by society, and that society converges on one medium as money. That money is always the one which is the most efficient, and typically the scarcest.

Now, for the first time in history, blockchain technology has allowed the possibility of a money that is actually deflationary, meaning it's supply decreases over time. Ethereum's update to EIP-1559 and moving from a proof of work to proof of stake model (which I'll explain simply in this video) actually makes it such that the supply of the currency is decreasing.

What implications does this have for the future of money? Let's discuss!

Watch my entire Series on The Future of Money: https://www.youtube.com/watch?v=CZrOR6hroXA&list=PL-h1t4THXumYCqDun0p82rGuuUg86EFUZ&index=7&t=29s

Read the 79 Page Report on Ethereum for a Deep Dive: https://twitter.com/SquishChaos/status/1387074095007817730

#Eth #Ethereum #EIP1559
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