The Ethereum community is currently in debate, are we going to change the monetary policy of ETH? Why should we? Who gets to decide? What should it be?
Today's episode of Bankless Takes is a masterclass on monetary policy for Ethereum and beyond. ------ ➡️ Apply to the Cartesi Grants Program here: https://bankless.cc/Cartesi ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium
------ BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2
🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle
🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa
🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku
------ TIMESTAMPS 00:00:00 Intro
00:03:23 Defining Monetary Policy
00:07:35 Total Monetary Base
00:12:46 M1 Chart https://fred.stlouisfed.org/series/M1NS
00:15:54 M2 Chart https://fred.stlouisfed.org/series/M2NS
00:20:05 Inflation + Purchasing Power https://fred.stlouisfed.org/series/CPIAUCNS
00:22:50 Bitcoin Issuance Policy https://river.com/learn/who-creates-new-bitcoin/
00:30:22 Ethereum's Monetary Policy https://studio.glassnode.com/metrics?a=ETH&c=native&m=supply.Current&resolution=24h https://notes.ethereum.org/@mikeneuder/iiii https://ultrasound.money/
00:35:27 ETH Social Contract
00:37:23 Bitcoin Monetary Policy
00:43:09 History Of ETH Issuance https://github.com/ethereum/consensus-specs/pull/971
00:50:58 Proposal Breakdown https://ethresear.ch/t/endgame-staking-economics-a-case-for-targeting/18751
01:01:57 ETH Supply Curve https://imgur.com/pVrZ9Ii
01:13:37 David's Opinion on Moving Forward
01:19:08 Ryan's Opinion
01:25:06 Policy Option 2
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures