So eth will have a %1200/year interest rate. Even a shitty third world country doesnt give a rate like this.
It is not 1200% per year, rumors say around 100% per year which will seem to be very attractive if real.
my bad its %120/yearly rate. which is not healthy at all. I dont know how you see it as a good thing.
The example there is 5%, i think i saw a video use an example of 6%. These are yearly figures. Mining is not a long term solution to anything and will dissapear when better alternatives like Proof of Stake are finalized.
I think in the video i saw, they suggested if 50% of total coins were held staking, and supply was inflated 3% yearly, stakeholders would receive a 6% return. Its a market so it will find its own equilibrium. If only 25% of supply were to stake, that same 3% inflation would result in a 12% annual return.
I have no idea what their final plans are. Figures are only an example