Back when ETH did the change to its money supply algorithm to be deflationary, a lot of people correctly pointed out that they can just change it again.
And they did, so now it's back to having a sim...
It has another problem now. With activities migrating to l2s, the native token of the base layer has no clear use case. It isn't exactly money, and with dwindling activity on the l1 it isn't in particular demand as digital oil either. Add in that there is no staking yield if you buy it through the ETF and you have a problem on the demand side.
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