An anonymous insider known as '1011 Whale' agent Garrett Jin argued that Ethereum, despite some beliefs, can serve as a currency due to its controlled inflation and practical utilities such as DeFi and stablecoins. He challenges the notion that inflation disqualifies a crypto asset from being money, emphasizing the need for expanding money supply to match GDP growth. With an inflation rate of around 0.8% and broad ecosystem applications, Ethereum can maintain currency-like properties and promote fair wealth distribution.
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Ethereum's Controlled Inflation and DeFi Utility Support Its Potential as a Currency, Says Insider
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