Ethereum’s shift to proof of stake (PoS) was a $1 trillion mistake, expert says

Meltem Demirors argues that Ethereum’s transition to Proof of Stake (PoS) in 2022 represented a $1 trillion mistake, as it undermined the core network and complicated its deflationary narrative.

Ethereum’s annual inflation rate now stands at 0.76%, with 943,000 ETH issued annually compared to only 27,000 ETH burned. This inflationary trend raises questions about Ethereum’s long-term viability as a stable asset.