ultrasound money ethereum

Ethereum is currently inflationary but as said earlier we had the first deflationary day ever for Ethereum. Ethereums Shift To Proof-Of-Stake Consensus Makes It The Ultrasound Money Of the Future Says Experts Murtuza Merchant 9152022 Like Comments 1 The Ethereum.

Is Eth On Its Way To Becoming Ultra Sound Money Yes Says Justin Drake Unchained Podcast

The ultrasound money meme has been running in Ethereum based circles for some time gaining momentum as the asset rises and rises in value during this bull market.

. The term ultrasound money refers to the Ethereums Blockchain compounding synergies created from EIP1559 and Proof of Stake and It has been an old-time meme held in. There is approximately 318 ETH burnt per min and 17 M per year in 2022 these websites Ultrasound money and Watch the Burn show the exact data of issuance of ETH and. The first element that helps construct the thesis of ultra-sound money is EIP-1559 an Ethereum Improvement Proposal that changes how fees are paid to miners completely and. The Ultra-Sound Argument For Ethereum to be Ultra-Sound it needs to be well more sound than Bitcoin.

Ahead of its merge to PoS it is already gaining the traction of the larger part of institutional investments. Due to an upcoming change to ETHs monetary policy. Ethereum s ETH annual token supply change has dropped from 379 to 020 post-merge per data from ultrasoundmoney. Following the networks upgrade on September.

This massive decrease in the issuance of ETH is dubbed as the triple-halving With the promise of a decrease in issuance and the continued burn of ETH supply it has the. This means Ethereum has a decreasing supply - its ultrasound money. As of October 11th Ethereums annualized net issuance rate sits at 009 thats according to data compiled by Ultra Sound Money that shows that only 8030 new ETH have. Heres how that might happen.

Thats because the ETH supply has. First the implementation of EIP-1559. The Ethereum will prove to be ultrasound money in a longer time frame. ETH Issuance Has Dropped By 97.

Proponents hoping to immediately proclaim Ether to be an ultra sound form of money cant celebrate just yet. If capped-supply gold is sound decreasing-supply ether is ultra sound. Recently a popular meme that has popped up in Ethereum ETH circles is the concept of ETH as ultrasound money. The term ultrasound money has been a long-running meme held in Ethereum based communities that mocks Bitcoiners who describe BTC as sound money due to its.

In Episode 191 of Hidden Forces Demetri Kofinas speaks with Nikhil Shamapant the author of a recently published and widely circulated 79-page report that s. Ultra sound money is an Ethereum meme focusing on the likely decrease of the ETH supply.