THE us is attacking all of crypto at the moment via Usa Savings bonds in particular the I bond.
As I type the I bond pays 9.62% for the first six moneys you purchased it.
Eth a wild card meaning not pegged to usd pays 3-4% staked
Most stable coins pegged to the USD pay 3-8%
Not when the US is clearly attacking pos and stable coins with I bonds.
come back on Oct 2 when new I bond rates are given they will be close to 9% and all of crypto especially stable coins and ETH will be attacked for 6 more months.
I can accept the US is offering a higher interest rate,
to gain an influx into the US $.
But as you said,
IBOND over 9%,
BTC PoW coins are zero % for their holders.And when rising energy costs, miners are begging for venture capital just to maintain PoW mining.
Putting the entire network at risk, however a PoW ban is coming, it is a foregone conclusion to all of these rolling blackouts in the US,
energy resources are stretched too thin, and PoW has to be removed to protect the grid's safety margin.
Bitcoin reward model does not become deflationary until 2140.
And that weak deflation is only from lost coins.
It's PoW tech will be banned worldwide by 2024.
Ethereum ~4%, but with the change to PoS,
Ethereum becomes deflationary,
https://www.bloomberg.com/news/newsletters/2022-09-08/ethereum-upgrade-s-perks-include-crypto-deflationThe upgrade will effectively shift the blockchain from using miners to much more energy-efficient validators for ordering transactions and in doing so, will slash the amount of new Ether issued to reward various key entities involved in the process by about 90%.
At the same time, the network will continue to burn Ether.
That should bring Ether’s net coin supply inflation to zero or less, according to calculations by the Ethereum Foundation.
Crypto tracker Ultra Sound Money predicts Ether supply could peak right around the time of the Merge before beginning to decline.
With Ether’s supply stable, or even decreasing, that could potentially make every existing coin more valuable,
The US $ is seeing a massive assault from inflation in Energy and Food Costs.
While the Ibond hold over 9%, the falsy reported low inflation rate of 8.6% (We all know it is much higher),
means that Ibond is only earning
.4% and since inflation is higher that IBond is really at a negative rate.
https://www.bls.gov/opub/ted/2022/consumer-prices-up-8-6-percent-over-year-ended-may-2022.htmEthereum and PoS coins are the only real games in town ,
as the US $ continues on the path to hyper inflation, their network can continue, and earnings verse fiat will increase.
BTC PoW will be banned by 2024, or be crushed before then by the rising energy costs from Utilities as Miners close shop to avoid bankruptcy.
https://www.coindesk.com/business/2022/09/01/bitcoin-mining-middleman-compass-georgia-facilities-to-close-as-energy-prices-soar/Two Georgia facilities used by Compass Mining, a middleman that allows retail investors to participate in bitcoin production, are closing as power costs in the U.S. state soar.
The owner of the sites is shutting down because the local utility provider has increased prices, a major cost for bitcoin mining, by more than 50%
FYI:
It won't matter if IBONDS give 100% interest in US$ , if Inflation goes to 101%,
you are still in the negative %.
