ETH vs. BTC: Bitcoin Security Budget & Eth's Superior Monetary Policy
AI summary of the linked articleJordan McKinney argues in a YouTube video that Ethereum, not Bitcoin, has the superior monetary policy. He contends that blockchains must choose between certainty of security and certainty of issuance, and that a capped supply like Bitcoin's sacrifices security. In his view, security must be reliably funded, so supply cannot be absolutely certain, and fee burns can offset issuance so that inflation is flat or negative when usage is sufficient. The video's chapters cover issuance curves, cryptoeconomic security, Bitcoin's security budget, and Ethereum's fee revenue. |
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