Bankless ROLLUP: Tornado Cash Fallout | Ethereum Merge Updates | $350m a16z Flow Buy | Sudoswap NFTs
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Aug 19, 2022 Dive into the controversies surrounding Tornado Cash and the arrest of its developer, raising questions on privacy and regulation. Explore Ethereum's transformative merge and impending changes in cryptocurrency dynamics. The hosts analyze market fluctuations, bringing insight into the bullish and bearish sentiments shaping Bitcoin and Ethereum prices. Significant discussions on NFT market volatility and major investments like a16z's $350 million flow buy add layers to the crypto landscape, while emphasizing accountability and innovations in decentralized finance.
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Ethereum's Bullish Monetary Policy Post-Merge
- Ethereum's monetary issuance will be significantly lower than fiat, gold, and even Bitcoin after The Merge.
- This makes ETH incredibly bullish from a supply perspective, especially if demand increases.
ETH vs. Apple Stock: A Monetary Perspective
- While Apple stock buybacks make it deflationary, it lacks the monetary properties of ETH.
- ETH combines the deflationary mechanism of EIP-1559 with the utility of collateral in DeFi, making it unique.
The Merge as a Catalyst for ETH Price Growth
- The Merge will remove the selling pressure from proof-of-work miners, allowing ETH's price to appreciate more easily.
- Increased network activity will further accelerate ETH's price growth due to EIP-1559.