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I've been thinking about EIP-8361 and EIP-8363. Ethereum has an interesting paradox: more staking strengthens security, but that security has traditionally been subsidized through ongoing $ETH issuance. Over the long term, even ~2% inflation represents a significant economic cost, and that cost ultimately falls on $ETH holders. So gradually reducing issuance makes sense. But I think the bigger story is what has changed around Ethereum. Over the past few years, staking incentives have expanded well beyond the L1. Restaking, re-restaking, liquid staking, and the wider staking ecosystem have created their own network effects. Security is no longer dependent solely on L1 issuance. That fundamentally changes the equation. In the long run, proposals like EIP-8361 and EIP-8363 could help create a healthier balance between liquid $ETH and staked $ETH. The strongest staking protocols will survive by generating genuine value, while weaker ones will naturally lose relevance. Validators will continue to evolve, but Ethereum may not need to depend on perpetual inflation to maintain strong network security. And that's the key signal for me. This isn't simply about lowering issuance. It's about Ethereum becoming confident enough to let its broader ecosystem share more of the responsibility for securing the network — instead of relying on inflation alone. #AIMemorySelloffEases #BTCETHETFInflowsReturn