In this video I explain why Ethereum, not Bitcoin, has the superior monetary policy. Blockchains have to choose between certainty of security and certainty of issuance. If they opt for certainty of issuance (capped supply) like Bitcoin, they sacrifice security and compromise the whole system. The correct engineering approach is the one taken by Ethereum. Security must be reliably funded, which means no absolute certainty of supply. Supply growth can then be offset by a fee burn, and if the system has sufficient usage, token inflation can be flat or negative. This is the way.Dune Dashboards:
0:00 - intro
0:57 - overview
1:33 - engine vs. product
4:52 - issuance curves
9:22 - cryptoeconomic security
12:55 - bitcoin security budget
24:25 - ethereum superiority
28:52 - fee revenue
34:42 - outro
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