Eth has been deflationary for over 2 days now!!

This feels like a big deal to me, but nobodys talking about it. there hasn't been a sustained period of deflation of more than a few hours since the merge, but it's been like this for two days now. Source: www.ultrasound.money

Maybe it's the 30% rise of people joining Ethereum this quarter in spite of it being a crypto winter. I wander whether this influx of new people is what's propping up the crypto economy from dipping as far as previous bear markets? Everything about this makes me super bullish. Currently it's average is 0.12% inflation (That's 25x less inflationary then before the merge: 3.75%), but if this trend continues it could even surpass -0.5% and trend towards deflation as an asset.

This is at a time in a bear market when statistically usage is considerably lower. So it goes to show that next bull it's going to become highly deflationary, and in a situation when we get the inevitable supply shock; where supply is struggling to meet demand and the price is rising, deflation will rise and it will fan the flames. People were calling this a triple halving but it's actually closer to a quintuple than a triple,

If this holds true and ETH continues to be deflationary, then it could be something unlike anything we've ever seen. I say this because it would beat bitcoins claim of being a 'store of value' or 'digital gold'. Ethereum being ultrasound money is money that is not only a store of value, but fundamentally appreciatory in its core nature.

A counter arguement that worries me (and vitalook said himself) is that people are struggling to find the use case for crypto, but I see one when the currency is deflationary, but you can still get also get up to 8% interest on certain platforms. The use case for me is as a serious investment tool,

I just wish that the supply shock would hold off until the end of this recession because I think that would trigger the mother of all bullruns. And if we can sustain the deflationary aspect of Eth we might even see some form of the mythic supercycle. I hope that's not too bold to say, I know it's very unlikely and maybe not even possible.

Thanks for joining me on my ramblings, I've been thinking a lot about the state and future of Ethereum recently and I needed to let it out. I hope I'm not telling everybody information they already know.

Anyway, when/if the gas fees go down I'll be buying more. ????????????