Lies and complete FUD!! There is 90m cap. Not 20m new ETH a year. Quit lying.
Ok, having looked into it in a bit more detail:
If we work from the block reward up: around 5.7 ETH per block, 7200 blocks per day =
41000 Ether per day = about 15 Million new Ether per year.
On the other hand, if we work from the genesis block back,
using this model for the calculation:
72 Million x 0.3 = 21.6 Million new Ethers per year (=
57000 per day)
I don't think that's FUD. It's just doing calculation based upon the best available figures I could find. If you have any more authoritative ones that conflict with these, please post them.
Refs:
Ethereum Issuance Model:
https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/Forum Discussion 1:
https://www.reddit.com/r/ethereum/comments/3evolq/how_many_ethers_are_going_to_be_created_in_the/Forum Discussion 2:
https://www.reddit.com/r/ethereum/comments/37r3st/is_it_worth_buying_a_gpu_for_mining/P.S. It's even acknowledged by the designers themselves in that "Issuance Model" document that Ethereum is not a good store of value - especially in the early years.
the constant issuance, especially in the early years, will likely make using ETH to build businesses in the Ethereum economy more lucrative than hoarding speculatively
The market has got away ahead of itself. In a few years time, growth in industrial use of Ether may outpace issuance to an extent that it becomes a better store of value than bitcoin. But right now, speculative valuations are no substitute for that.
See also
this guy.
