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IMPORTANT: Announcing Blockworks’ Latest Podcast, 0xResearch
Forward Guidance
Ethereum Is a Proof of Work Network, Right?
Dan: If we hadn't merged and we're still in this proof of work network, we would actually have created about 491,000 ETH. And that's pretty crazy because there's been little to no on-chain activity in the depths of this bear market. Dan: When the bull market returns and on- Chain activity gets really hot again, more Ether will get burned. He says once that number goes negative, you're going to see that all people are talking about is deflationary assets.
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