Quote (TheHitman @ Oct 27 2021 07:18am)
Will Ethereum 2.0 be a success?
Will Ethereum still be the main platform for smart contracts, DeFi, etc?
What if something happens to Vitalik?
What if Ethereum loses market share to competitors (i.e. Solana, Avalanche, Polkadot, etc) because their fees get too high from burning?
What if they now have to inflate the supply of Ethereum instead of decrease it?
What if DeFi usage explodes over the next few years and there is not enough ETH to allow the system to function?
What if the network can't produce enough ETH, via block rewards, to satisfy the mission of Ethereum - which is to be the world's decentralised computer - and the economics of the network fail?
A key part of the Flippening narrative is that the exponential rise of on-chain transactions will lead to Ethereum being burned, thus lowering the supply and pumping the price.
However, those who believe that the current EIP-1559 inflation schedule could never change would be wise to review the protocol's history.
Ethereum is competing with several other coins right now and in the years to come.
fees will be close to 0 after 2.0 update