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Agent for “1011 Insider Whale”: Controllable inflation and DeFi utility support may provide the foundation for ETH to possess monetary attributes
Svmuu News: Garrett Jin, a representative of “1011 Insider Whale,” posted on X, stating that while people refer to Bitcoin as “digital gold” and a potential currency, Ethereum could also become a currency.The argument that “inflation precludes a currency” does not hold water, as economies require an expanding money supply to match GDP growth. A completely closed monetary system would allow early holders to passively capture all gains, while new contributors are permanently excluded—a scenario indistinguishable from a dictatorship hoarding wealth.ETH’s current inflation rate is approximately 0.8%, representing a controlled level of inflation. With moderate inflation and real utility (DeFi, stablecoins, L2), ETH is fully capable of functioning as a currency.Only moderate inflation can dilute entrenched wealth over time, allowing more everyday contributors to participate fairly and driving healthy growth.
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