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I've been thinking about EIP-8361 and EIP-8363. Ethereum has been living with an interesting paradox: higher staking strengthens network security, but that security has historically been supported by continuous $ETH issuance. Over time, even ~2% annual inflation becomes a meaningful economic cost, ultimately borne by $ETH holders. So, from that perspective, gradually reducing issuance makes sense. But I think the bigger shift goes deeper than simply cutting inflation. Over the past few years, Ethereum's security ecosystem has expanded far beyond the base layer. Restaking, re-restaking, liquid staking, and the broader staking economy have all developed powerful network effects. Security is no longer generated solely through L1 issuance. And that changes the equation. In the long run, proposals like EIP-8361 and EIP-8363 could help restore a healthier balance between liquid $ETH and staked $ETH. The strongest staking protocols will survive by creating real economic value, while weaker models will naturally fade. Validators will continue to evolve, but Ethereum may no longer need to rely on perpetual issuance as heavily to maintain robust security. To me, that's the most important signal. This isn't simply about reducing $ETH issuance. It's about Ethereum becoming confident enough to let its broader ecosystem — rather than inflation alone — take on a greater share of the responsibility for securing the network. #CPIToResetFedBets #AIMemorySelloffEases