I like the general direction ETH ecosystem has taken with Layer 2.
I expect ETH to eventually become impractical to use for anything but rollups. The growth will then happen at layer 2 but ETH will have such a strong network effect by then that it being a buttcoin won't matter.
I’ve always thought this too. Always been told that slight inflation is healthy, deflation is really unhealthy. I’m curious if any crypto economists believe deflationary eth would be “ultra sound” and the argument for it
Yes, and no. It incentivizes the wrong growth. We don't have everyone to lock all of their ether and enjoy a ghost chain.
That being said, number going up does bring in more attention, resources, and growth. We just gotta strike the right balance.