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Liberation from the taboo on price discussions

Etherum Reddit

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The Ethereum community still seems to ignore or taboo discussions on price.

Even after the transition to POS, the equation of 'price = security' has been established for Ethereum.

In the debate with Bitcoin maximalists, the Ethereum community, including Vitalik, argued that the burning mechanism is better for increasing value than the fixed issuance amount.

This is also why Justin Drake's 'Ultra Sound Money' meme was born.

I think we need to discuss more seriously how to gradually increase the price of Ethereum. This is not just about making money. The goal is to make Ethereum the network with the strongest security and censorship resistance.

What Bitcoin has gained strong supporters for now is the guarantee of scarcity. The belief in the immutable issuance rules. In the case of Ethereum, the policy on the total issuance amount seems too vague. I think this is Ethereum's worst selling point.

I thought about several monetary policies.

  1. Increase the burn fee when the target total issuance exceeds 100 million, and reduce the burn fee when it falls below, maintaining 100 million.

  2. Burn all fees including MEV to create endless deflation. When the total issuance decreases to 50 million, split the coin in half. Then, the number of Ethers will be 50 million -> 100 million -> 50 million -> 100 million repeatedly. People get excited when companies like Tesla and Nvidia do Stocksplit.

  3. Set the total issuance to 100 million, and stakers only get the fees.

submitted by /u/hurassam
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