How many Max supply of Ethereum there will ever will be?

very_452001

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What's the latest with Eth 2.0 now, has the released date bought more closer because of the Elon energy wasting POW FUD?

Just to confirm the energy usage in Eth 2.0 POS will be much lower?

Isn't burning tokens a waste of energy, I mean all that energy is spent mining the token then just burning it Huh

What's this 1559 update and will this bring down gas fees until Eth 2.0 comes out?

With the recent Bitcoin energy wasting FUD by Elon, this validates the move to Eth 2.0 right? However if Eth 2.0 introduce token burning then isn't this energy wastage?

very_452001

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Quote from: Febo on September 12, 2020, 11:42:56 AM

Quote from: very_452001 on September 09, 2020, 05:31:15 PM

Why do miners do Proof of Work for something that has a unlimited supply Huh

Supply is always finite. ETH supply right now is 112.571.104 ETH Bitcoin supply is 18.486.950 BTC . Monero supply is 17.695.243 XMR . Those are all finite numbers. In normal cryptocurrenices as Monero and Bitcoin you can also exactly tell how much coins there will be exact day in the future. In 2040 both will have same number of coin 20.9 million. In year 2150 Bitcoin will have 21 million coins and Monero will have 46 million coins. Still both finite number and much less then Etehreum today or then.

Yeah but is capped by the final deadline.

Beyond year 2150 and even into year 3000 and 4000 there will still be a continuous supply of Eth and digital assets does not degrade/rust over time like gold.

very_452001

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Quote from: zasad@ on May 22, 2021, 11:43:41 AM

The total number of coins they want to make is 100M in the next 10 years.
EIP-1559 should slightly increase transaction speed through a new pricing mechanism and increasing the amount of gas in blocks up to 25M.
Burning coins reduces inflation and makes the coin more attractive to investors. In the coming year, we are promised a new fast blockchain ETH 2.0, so now there is no time for questions about the waste of energy.

But looking at coinmarketcap the circulating supply now is above 100m Huh

I don't understand what's the point of mining coins or creating coins just to burn them. Its like setting cash on fire. Wont the governments and green energy critics go after this and cry out its energy wastage?

zasad@

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The total number of coins they want to make is 100M in the next 10 years.
EIP-1559 should slightly increase transaction speed through a new pricing mechanism and increasing the amount of gas in blocks up to 25M.
Burning coins reduces inflation and makes the coin more attractive to investors. In the coming year, we are promised a new fast blockchain ETH 2.0, so now there is no time for questions about the waste of energy.

very_452001

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Quote from: mindrust on September 12, 2020, 05:59:58 AM

It doesn't matter if they put a cap on the supply with Eth 2.0. Eth already lost immutability. That means later on they can remove the supply cap when they feel like.

At this point, whether it has a limited supply or not... who cares really?

What you mean by immutability?

Investors care cause investing a few $hundred for 1 Eth that has a unlimited supply is super risky Shocked

Quote from: Febo on September 12, 2020, 11:42:56 AM

Quote from: very_452001 on September 09, 2020, 05:31:15 PM

Why do miners do Proof of Work for something that has a unlimited supply Huh

Supply is always finite. ETH supply right now is 112.571.104 ETH Bitcoin supply is 18.486.950 BTC . Monero supply is 17.695.243 XMR . Those are all finite numbers. In normal cryptocurrenices as Monero and Bitcoin you can also exactly tell how much coins there will be exact day in the future. In 2040 both will have same number of coin 20.9 million. In year 2150 Bitcoin will have 21 million coins and Monero will have 46 million coins. Still both finite number and much less then Etehreum today or then.

Yeah but is capped by the final deadline.

Beyond year 2150 and even into year 3000 and 4000 there will still be a continuous supply of Eth and digital assets does not degrade/rust over time like gold.

What's the latest with Eth 2.0 now, has the released date bought more closer because of the Elon energy wasting POW FUD?

Just to confirm the energy usage in Eth 2.0 POS will be much lower?

Isn't burning tokens a waste of energy, I mean all that energy is spent mining the token then just burning it Huh

What's this 1559 update and will this bring down gas fees until Eth 2.0 comes out?

With the recent Bitcoin energy wasting FUD by Elon, this validates the move to Eth 2.0 right? However if Eth 2.0 introduce token burning then isn't this energy wastage?

[moderator's note: consecutive posts merged]

bigcash2011

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Quote from: very_452001 on September 09, 2020, 10:33:19 AM

Currently Eth is POW and its changing to Eth 2.0 POS.

Whats the max supply of Eth 2.0 there ever will be?

If theres no max supply then Eth is just like fiat money right where many tokens can be created or will Eth will say unlimited supply but not inflationary but in slow gradual inflation?

All will be revealed once Eth 2.0 and ita mainnet will launch.
The expectations are that it will be live by november this year and only after that we can get details like this. They are working to introduce a good deflationary model for eth which the community will like very much and price will fly.

very_452001

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Quote from: flagpara on September 11, 2020, 06:59:49 PM

Vitalik Buterin doesn't want to fix the Ethereum supply. I think it's like compared to gold. We unlimited supply can't be worthless to invest. From thousands of years ago to now, we still don't know the supply of gold but are still valuable. We are waiting for something. When we get it, we think that was valueless work.

Huh

Theres no infinite supply of Gold.

Quote from: Tipstar on September 11, 2020, 08:11:52 PM

Quote from: very_452001 on September 09, 2020, 10:33:19 AM

Currently Eth is POW and its changing to Eth 2.0 POS.

Whats the max supply of Eth 2.0 there ever will be?

If theres no max supply then Eth is just like fiat money right where many tokens can be created or will Eth will say unlimited supply but not inflationary but in slow gradual inflation?

According to some info, the increment in coins would be about 10% a year which would be perfectly fine for a utility token. With increase in adoption and coins being lost with time, it is a more practical solution than limiting the supply. Though don't imagine Ethereum going x10 in price and giving a good investment profit as it's a utility token and it needs to keep it's transaction cheap and quick.

So you saying Ethereum annual inflation rate is 10% like fiat paper currency that has no capped supply?

Does a utility token such as Eth really requires lots of supply of it?

Quote from: 20kevin20 on September 12, 2020, 05:54:07 AM

Quote from: very_452001 on September 10, 2020, 09:09:21 AM

Thats like a 100 page document that will take me all day to read.

Press CTRL + F and find the key words you need. By looking up "supply", here's some Q&A I found:

Quote

Q: How is the status of a possibly fixed eth supply at some point in the future? Do you think it's likely?

A: I don't know about fixed ETH supply, but we may get to a point of decreasing ETH supply. Indeed, we are looking into transaction fee schemes that burn ETH, and burnt ETH may outweigh minted ETH. [Justin Drake]

Quote

**Q: Do you have any final plans in mind about the current ETH inflation?

A: Nothing final. Ultimately the community will have to make a tradeoff between low inflation and high security. See https://github.com/ethereum/eth2.0-specs/issues/251. [Justin Drake]

So Justin Drake is saying Eth supply can be capped but the Eth network security will be weak then?

[moderator's note: consecutive posts merged]

SaShiRaJaVu

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Quote from: very_452001 on September 09, 2020, 10:33:19 AM

Currently Eth is POW and its changing to Eth 2.0 POS.
Whats the max supply of Eth 2.0 there ever will be?
If theres no max supply then Eth is just like fiat money right where many tokens can be created or will Eth will say unlimited supply but not inflationary but in slow gradual inflation?

The prime example why you cannot take ETH as a currency, there is no hard cap for the number of coins in existence and right now there are over hundred million coins mined and as everyone knows it is a heavily premined coin and now the resurgence in the name of DeFi and i wonder how long it will last as there will be regulatory issues because of the business model.

Mulann2

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Quote from: Zeehaxan on September 09, 2020, 11:09:34 AM

Eth 2.0 will announce the final supply also the model will be adjusted to be deflationary as the project will use a percentage of revenues to buy back and burn eth from market so eth 2.0 will be seriously a game changer for eth in this aspect too.

Let's hope so that with eth 2.0 there will be a maximum supply this time because to me it only means eth is highly over valued with its infinite supply and congested network, still wonder why a coin with an infinite supply will value this much, if it becomes deflationary with this new upgrade will be much better.

semobo

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Quote from: very_452001 on September 09, 2020, 10:33:19 AM

Currently Eth is POW and its changing to Eth 2.0 POS.

Whats the max supply of Eth 2.0 there ever will be?

If theres no max supply then Eth is just like fiat money right where many tokens can be created or will Eth will say unlimited supply but not inflationary but in slow gradual inflation?

Until now there is no cap value for ethereum but they proposed to set the value of EIP to 120 million and 144 million later to sustain their market value but it is yet to be approved.Probably giving cap value to help the ethereum to increase a lot in the coming future or else the inflation will keep the value lower and lower.

landoffaucets

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Quote from: Zeehaxan on September 09, 2020, 11:09:34 AM

Eth 2.0 will announce the final supply also the model will be adjusted to be deflationary as the project will use a percentage of revenues to buy back and burn eth from market so eth 2.0 will be seriously a game changer for eth in this aspect too.

Well said, many people do not understand Ethereum tokenomics because it looks difficulty at the first look. But Ethereum decided to be inflationary token for some time to attract miners. In the future situation will be different, every transaction will burn some GAS (ETHs) and that will cause decreasing supply.

Febo

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Quote from: very_452001 on September 09, 2020, 05:31:15 PM

Why do miners do Proof of Work for something that has a unlimited supply Huh

Supply is always finite. ETH supply right now is 112.571.104 ETH Bitcoin supply is 18.486.950 BTC . Monero supply is 17.695.243 XMR . Those are all finite numbers. In normal cryptocurrenices as Monero and Bitcoin you can also exactly tell how much coins there will be exact day in the future. In 2040 both will have same number of coin 20.9 million. In year 2150 Bitcoin will have 21 million coins and Monero will have 46 million coins. Still both finite number and much less then Etehreum today or then.

optimisticcm

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Quote from: very_452001 on September 09, 2020, 10:33:19 AM

Currently Eth is POW and its changing to Eth 2.0 POS.

Whats the max supply of Eth 2.0 there ever will be?

If theres no max supply then Eth is just like fiat money right where many tokens can be created or will Eth will say unlimited supply but not inflationary but in slow gradual inflation?

I think ethereum is coming up with a deflationary model after eth 2.0 launch and most probably they will start with the current supply amd gradully burn it down to a much lesser supply that we have now so in any case this is a tremendously bullish scenario.

Kotone

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Quote from: very_452001 on September 09, 2020, 10:33:19 AM

Currently Eth is POW and its changing to Eth 2.0 POS.

Whats the max supply of Eth 2.0 there ever will be?

If theres no max supply then Eth is just like fiat money right where many tokens can be created or will Eth will say unlimited supply but not inflationary but in slow gradual inflation?

Actually eth has no definite supply. Yeah it works like that. But we cant seem to judge eth because it has infinite supply. Now they are planning to have a fixed supply when migrated to PoS mechanism. Anyway we can see the max supply or circulating on coinmarketcap. We can considered the max supply as the circulation for now.

mindrust

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It doesn't matter if they put a cap on the supply with Eth 2.0. Eth already lost immutability. That means later on they can remove the supply cap when they feel like.

At this point, whether it has a limited supply or not... who cares really?

20kevin20

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Quote from: very_452001 on September 10, 2020, 09:09:21 AM

Thats like a 100 page document that will take me all day to read.

Press CTRL + F and find the key words you need. By looking up "supply", here's some Q&A I found:

Quote

Q: How is the status of a possibly fixed eth supply at some point in the future? Do you think it's likely?

A: I don't know about fixed ETH supply, but we may get to a point of decreasing ETH supply. Indeed, we are looking into transaction fee schemes that burn ETH, and burnt ETH may outweigh minted ETH. [Justin Drake]

Quote

**Q: Do you have any final plans in mind about the current ETH inflation?

A: Nothing final. Ultimately the community will have to make a tradeoff between low inflation and high security. See https://github.com/ethereum/eth2.0-specs/issues/251. [Justin Drake]

Yaunfitda

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Quote from: flagpara on September 11, 2020, 06:59:49 PM

Vitalik Buterin doesn't want to fix the Ethereum supply. I think it's like compared to gold. We unlimited supply can't be worthless to invest. From thousands of years ago to now, we still don't know the supply of gold but are still valuable. We are waiting for something. When we get it, we think that was valueless work.

Ethereum and Gold are not comparable, so stop it. As far as toal max supply, I would agree that there are no consensus, and I don't think that Eth2.0 are going to remedy this situation as this is not their priority. I know that it confuses most of us as there are no agreement as to what would Ethereum max supply be, and up to know it is debatable. I don't know if this is a big issues though, as the rough estimates are close to each other. And I think what's important is how Ethereum is going to scale and I do hope that Eth2.0 will have the answer for that.

Tipstar

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Quote from: very_452001 on September 09, 2020, 10:33:19 AM

Currently Eth is POW and its changing to Eth 2.0 POS.

Whats the max supply of Eth 2.0 there ever will be?

If theres no max supply then Eth is just like fiat money right where many tokens can be created or will Eth will say unlimited supply but not inflationary but in slow gradual inflation?

According to some info, the increment in coins would be about 10% a year which would be perfectly fine for a utility token. With increase in adoption and coins being lost with time, it is a more practical solution than limiting the supply. Though don't imagine Ethereum going x10 in price and giving a good investment profit as it's a utility token and it needs to keep it's transaction cheap and quick.

flagpara

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Vitalik Buterin doesn't want to fix the Ethereum supply. I think it's like compared to gold. We unlimited supply can't be worthless to invest. From thousands of years ago to now, we still don't know the supply of gold but are still valuable. We are waiting for something. When we get it, we think that was valueless work.

very_452001

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Quote from: YOSHIE on September 10, 2020, 09:31:12 AM

Quote from: very_452001 on September 09, 2020, 10:33:19 AM

If theres no max supply then Eth is just like fiat money right where many tokens can be created or will Eth will say unlimited supply but not inflationary but in slow gradual inflation?

Your question remembers me the two topics below.

I read many times, no conclusions about (Ethereum maximum supply).
I don't want to go deeper into your question, but a few hints below, maybe, can solve your doubts.

Quote from: Bitcoin_Arena on February 26, 2019, 10:44:33 PM

Recently, I did realise that Ethereum does not have a maximum supply like other notable coins such as bitcoin.

Apparently, even Ethereum Cofounder Vitalik Buterin thought that Ether total supply wouldn't go past 100M at-least for a decade, but due to the popularity of the network, the 100M mark has already been surpassed. So last year on 1st April, he proposed the cap of total ether at 120M , Not sure whether it was because Ether price had started tanking due to the bull ran hangover or it was an April fools day prank Grin

But anyways the proposal hasn't been implemented yet and to me, without a maximum supply, I see a risk of Ether's value not growing as expected or even deflation of its value as more coins come into circulation.

My question is, would Ether's price be much higher than it is today if it had a maximum supply cap from the very beginning like Bitcoin?

Topic: https://bitcointalksearch.org/topic/what-if-ethereum-had-a-maximum-coin-supply-set-from-the-beginning-5114738

Topic: Topic: Ethereum - Total supply, POS and future price?

So theres more than 100 milion Ether in circulation now and that 120 million cap proposal was just a april fools joke?

Quote from: makishart on September 10, 2020, 09:52:57 PM

Quote from: very_452001 on September 10, 2020, 09:09:21 AM

Quote from: makishart on September 09, 2020, 09:03:33 PM

It's better if you read ethereum 2.0 AMA and all of the questions about the supply cap has already mentioned too.
https://docs.ethhub.io/other/ethereum-2.0-ama/

That's true of the supply will not determined but as a subtitution and there will be a burn mechanism that will be using by ethereum.

Thats like a 100 page document that will take me all day to read.

If the supply cap has already been mentioned like you stated then please kindly remind us what that cap is?

Then you go on to say that supply will not be determined Huh

but instead there will be a burn mechanism.

So basically ethereum is like a fire that will forever burn in a forest with infinite of trees/wood to throw at the fire?

I will try to make it more simple

Here's an important point about the supply

Quote

Q: How is the status of a possibly fixed eth supply at some point in the future? Do you think it's likely?

A: I don't know about fixed ETH supply, but we may get to a point of decreasing ETH supply. Indeed, we are looking into transaction fee schemes that burn ETH, and burnt ETH may outweigh minted ETH. [Justin Drake]

You can also try to see the interview about the supply cap of ethereum with vitalik here

https://coinmarketcap.com/headlines/news/ethereum-supply-vitalik-buterin/

Even vitaliks says that if that's still a rough estimation and it's not yet fixed

JD as a part of ethereum foundation didn't even know about how exactly the rough number of supply cap for ethereum which mean only god vitalik that knows it.

some parties were also predicting the max supply of ethereum will be around 112,000,0000. but we have already passed this today

https://twitter.com/marcandu/status/1291840343047118854

Do you mean One Billion & One Hundred Twenty Million?

I just like to know whether there will be a cap for Eth 2.0?

[moderator's note: consecutive posts merged]

Topic: How many Max supply of Ethereum there will ever will be? (Read 300 times)