How many Max supply of Ethereum there will ever will be? - page 2.

makishart

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

Quote from: makishart on September 09, 2020, 10:03:33 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

qwizzie

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Quote from: very_452001 on September 09, 2020, 06:31:15 PM

Quote from: disconnectme on September 09, 2020, 01:14:16 PM

Ethereum supply is not cap and I believe it is because of the change to POS, with POS their must be an annual inflation and this figure has not yet been finalised. It is not an issue provided the demand for Ethereum continue to be on the rise

When do you think it will be finalised?

Sure Ethereum is ranked 2 as it has utility and thousands of ~~altcoins~~ tokens depend on it for smart contracts which gives it value however if theres a infinite unlimited supply of Eth then how is it really valued when theres infinite of them available?

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

Fixed it for you.

Tokens : https://coinmarketcap.com/tokens/
Altcoins : https://coinmarketcap.com/coins/

With regards to infinite unlimited supply of Ethereum : this is well known, surely you did your homework before investing in Ethereum ?

YOSHIE

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Quote from: very_452001 on September 09, 2020, 11:33:19 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, 11:44:33 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?

very_452001

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Quote from: makishart on September 09, 2020, 10:03:33 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?

makishart

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Activity: 3108

Merit: 1029

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.

very_452001

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Quote from: disconnectme on September 09, 2020, 01:14:16 PM

Ethereum supply is not cap and I believe it is because of the change to POS, with POS their must be an annual inflation and this figure has not yet been finalised. It is not an issue provided the demand for Ethereum continue to be on the rise

When do you think it will be finalised?

Sure Ethereum is ranked 2 as it has utility and thousands of altcoins depend on it for smart contracts which gives it value however if theres a infinite unlimited supply of Eth then how is it really valued when theres infinite of them available?

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

cryptofirm

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Quote from: Zeehaxan on September 09, 2020, 12:09:34 PM

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.

would you like to give me the source from your words above my friend
seems very interesting to know about that,

very_452001

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Quote from: Zeehaxan on September 09, 2020, 12:09:34 PM

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.

When do you think they will announce the final limited cap supply before they upgrade to Eth 2.0?

How can they burn tokens if they are capped in Eth 2.0? Wont that be wasting Ether similarly like the BTC network is burning BTC coins making it even more rare than 21 million and if the burning continues they wont be any BTC left unless its a unlimited supply like fiat.

Confusing please explain.

Quote from: articlecity on September 09, 2020, 12:25:55 PM

Supply is very important factor and that is why eth is still valued less than what it should be right now. Current model is unfortunately inflationary with no supply limits I hope it will be changed to finite supply soon.

If theres no cap to Eth supply in Eth 1.0 then Eth price now is way overvalued right? Theres even a cap to Ripple XRP in the billions or trillion however unlimited supply is more worse than this.

[moderator's note: consecutive posts merged]

disconnectme

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Ethereum supply is not cap and I believe it is because of the change to POS, with POS their must be an annual inflation and this figure has not yet been finalised. It is not an issue provided the demand for Ethereum continue to be on the rise

cabron

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Quote from: Zeehaxan on September 09, 2020, 12:09:34 PM

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.

Where is that information about this finla supply?

Thats good to know if its true then finally they are trying to make ETH to have limited supply. Its sure going to rise up because this is a utility token and when scarcity strikes the more it comes valuable. ETH2.0 however is just getting delayed for months. I suspect there really isn;t a bulrun will happen if the ETH2.0 will yet not be released.

articlecity

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Supply is very important factor and that is why eth is still valued less than what it should be right now. Current model is unfortunately inflationary with no supply limits I hope it will be changed to finite supply soon.

Zeehaxan

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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.

very_452001

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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?

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