Kain says "ultrasound money" became an obsession with burning ETH, even though that was never the goal of EIP-1559 "We keep inventing memes to try and encapsulate this complex…
Original source excerpt
Kain says "ultrasound money" became an obsession with burning ETH, even though that was never the goal of EIP-1559 "We keep inventing memes to try and encapsulate this complex system into a 4-second …
Kain says "ultrasound money" became an obsession with burning ETH, even though that was never the goal of EIP-1559 "We keep inventing memes to try and encapsulate this complex system into a 4-second soundbite. I think that's fine." "This one, and I was here for this, right? I was like, ultrasound money, it's great. I probably had the bat f*cking speaker emoji on my X account for a while." "The problem was, I think, it was such an effective meme that it sort of took over the discourse, and it became about what can we do to burn more. There are all these burn trackers, it just got a little bit out of hand." "The intention of 1559, to your point, Austin, was not burn ETH. That was like a weird mechanism design choice."
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