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"Compound interest is the eighth wonder of the world. He who understands it, earns it…he who doesn't…pays it." – Albert Einstein

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Weekly Update 10/29/22

  • Home » Blog » Weekly Update 10/29/22
October 29, 2022
By Einstein In Weekly Updates

Weekly Update 10/29/22

Most of CT this week was talk about Elon Musk taking the reins and making some immediate changes that shouldn’t really have shocked anyone. ETH is getting very close to becoming deflationary since the switch to proof of stake. As i write we are 1500 ETH from a shrinking supply. Under proof of work we would have issued ~527,000 ETH. When we get out of the build market we will likely be strongly deflationary.

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