Napkin math: why ETH is going to the moon post-merge to PoS
ETH issuance is going to drop from 2ETH per block to something like 0.15ETH per block. EIP1559 has also already burned 300,000ETH. Meanwhile, demand for ETH is going to increase massively because of fees being paid to validators instead of miners. Fundamentally, anyone validating transactions has to hold ETH, where under PoW, miners did not.…
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