Issuance of ETH is like a wealth transfer from non-stakers to stakers, so is it correctly understood that if the proportion of staked ETH was 100%, the real value of non-fee staking income would be zero?
Also, would 100% of ETH being staked mean that there was no activity on chain (since all coins were staked), and thus no transaction fees going to validators either? I guess that is not true since transactions on ethereum do not have to involve ETH.
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