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)
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------ 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
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