EIP1559 and The New Crypto Regulation Impasse

It’s a Monday, ETH made its way into the 3 thousands. Feels good to be back. EIP 1559’s been active for 5 days now and so far we’ve burnt 16,602.65 ETH which is the equivalent of 48.749.531,06 United States Dollar. And by the time i’ve said that we’ve already burnt a few more ether but the point is ETH now has a decreasing supply, aka it’s ultrasound money. But technically not yet since 2 ETH is still being rewarded to miners on each new block. So we’re essentially decreasing inflation by some percent until further notice.

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Links
https://ultrasound.money/
https://www.washingtonpost.com/business/2021/08/07/cryptocurrency-infrastructure-bill-lobby-bitcoin/
https://twitter.com/fightfortheftr/status/1422989736382275585
https://twitter.com/brian_armstrong/status/1423744994444206092
https://twitter.com/jchervinsky/status/1424554402950651908

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