ROLLUP: 2nd Week of March (Beeple NFTs, EIP1559, Stimulus Checks, GBTC)
Bankless
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Stimulus Checks and Blockchain Innovations
This chapter explores the impact of stimulus checks in the U.S. economy, contrasting American monetary policy with global approaches, while introducing the implications of modern monetary theory. It discusses the Ethereum Improvement Proposal 1559 and its impact on the value dynamics of Ether within the NFT market and decentralized financial systems. Additionally, the chapter addresses the ongoing debate around energy consumption in cryptocurrency mining and its significance in the evolution toward proof of stake mechanisms.
Play episode from 34:45
Transcript
