Thread by @AxieAur

Imagine transactions on $eth as cars on a road.

Cars depend on oil. Throughout history, oil was plentiful. Spend it, buy it.. whatever. It was easy to come up with. Shit, set it on fire if you want to.

But lately, oil is drying up.

With traditional oil, more oil..

is easy to find. Dig deeper, develop new tech.. you get the idea.

With $eth, there is no more oil.. anywhere.. ever.

The graph above is how $eth looks now, but in Q2 of 2022 there will be a 90% reduction in the supply that is paid out to the securers of the blockchain.

The number of the cars on the road and peoples' dependence on cars isincreasing rapidly. Gas has been rising steadily (207 now, normal lately). What used to be abnormally high the new normal. Users are still finding more value in executing their transactions than the cost..

to execute those transactions. To keep the analogy going, cars are still finding it worthwhile to fill up their gas tank to go to work. More cars, more cars willing to travel even with rising gas costs, less supply... way less supply. Averaging car traffic over the past year,

supply would decrease 2.6% of oil more and more cars need.. gone forever. But look at this.. recently, activity has been ever higher. If activity were as is in the past week for a year after the merge, we'd burn 4.2% of all the oil.. never to be seen again..

So in summary:

More and more fuckin cars driving to work
Less and less fuckin oil
No construction to improve traffic for 1 year+
And the oil well is about to dry up 90%

It's not rocket science.

This shit is inevitable supply and demand.