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Bankless
Why ETH is Permissionless Money | Mike Neuder
Nov 26, 2024
Mike Neuder, an Ethereum Foundation researcher, discusses the exciting future of ETH as permissionless money. He explains how Ethereum's structure enables free transactions and secure property rights, which are essential in decentralized finance. The conversation dives into the evolution of Ethereum's monetary policies, highlighting its low inflation and efficient economics. Neuder also emphasizes the importance of roll-ups and user control over assets, painting a bullish picture of ETH's role in the financial landscape of 2024.
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Quick takeaways
- Ethereum provides permissionless property rights, allowing users to control their digital wealth without intermediary restrictions or penalties.
- The supply stability of ETH, enhanced by low inflation and burn mechanisms, solidifies its position as a valuable store of value in the crypto ecosystem.
Deep dives
ETH as Permissionless Money
Ethereum offers strong property rights, allowing users to permissionlessly store, send, and program Ether. This foundational characteristic is essential for the asset's value proposition, as it gives individuals control over their digital wealth. Unlike traditional banking systems, which can be cumbersome and penalizing for global transactions, Ethereum enables instantaneous transfers secured by its infrastructure. This programmability, along with the capability to bridge ETH in and out of rollups, ensures that property rights are preserved even as ETH interacts with various decentralized applications.
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