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21 - Ethereum: Past, Present, Future | Vitalik Buterin

Bankless

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Ethereum's Monetary Policy and Its Implications

This chapter focuses on Ethereum's monetary policy, particularly the concept of minimum necessary issuance as a cornerstone of its social contract. The discussion highlights the importance of community consensus in codifying monetary policy, potential adjustments to gas prices and issuance, and the balance between immutability and flexibility. Additionally, it explores the impact of high gas fees, scalability challenges, and concerns regarding the negative societal effects of cryptocurrency, urging the community to adopt proactive solutions.

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