"1011 Insider Whale" Agent: Controllable inflation and DeFi utility support may give ETH a fundamental monetary attribute

robot
Abstract generation in progress

Odaily Planet Daily reports that the “1011 Insider Whale” agent Garrett Jin posted on the X platform stating that people refer to Bitcoin as “digital gold” and a potential currency, but Ethereum can also become a currency. “Inflation equals the inability to be a currency” is not a valid argument because economies need an expanding money supply to match GDP growth. A completely closed monetary system would passive ly benefit early holders while permanently excluding new contributors, which is no different from a dictatorship hoarding wealth. ETH's current inflation rate is about 0.8%, representing a manageable inflation. With moderate inflation and real utility (DeFi, stablecoins, L2), ETH can fully serve as a currency. Only moderate inflation can gradually dilute entrenched wealth over time, allowing more everyday contributors to participate fairly and promoting healthy growth.

ETH-3.78%
BTC-2.11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)