CryptoPunks as a hedge against Ethereum inflation, a vote for the Thousand True Fans principle, and a nod to Stephen Wolfram’s picture of human consciousness as a sequentialisation machine.

The supply of Ether, the underlying token of the Ethereum network, is currently being debased at a rate of 4.47% per year.i That’s not bad! At least compared to pretty much every fiat currency extant, but it’s still close to triple Bitcoin’s current 1.79% annual inflation rate. And while it’s still true that “diversification is (largely) a scam designed to […]