Yes.
60 million ETH at launch.
inflation / mining: 7200 blocks per day x 5 Ether-per-block. = 36,000 ETH/day. (or 13.1 million new Ether mined per year, fixed supply).
There is no hard cap.
Topic: Is Ether in unlimited supply? - page 2. (Read 8420 times)
"Ethereum also recognizes that a system intended to serve as a distributed, consensus-based application platform for global economic and social systems, must strongly emphasize inclusiveness. One of the many ways we intend to foster inclusiveness is by maintaining an issuance system which possesses some churn. New participants in the system will be able to purchase new ETH or mine for new ETH whether they are living in the year 2015 or 2115. We believe we have a achieved a good balance between the two goals of fostering inclusiveness and maintaining a stable store of value. And 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."
- https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/
But 90 million ETHER in total(60% crowdsale participants 40% miners until the switch the POS. In 18 months. (Correct me if I'm wrong)
Each ether is divisible down to millionths just like bitcoins but in Ethereum they are called 'wei'.
I don't expect to see Bitcoin-like bubbles in ether. But a steady increase up to >$10 by the alpha release. And then $30-50 hopefully during my lifetime.
I might put my ether towards a distributed Wei faucet and just make money from ads
- https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/
But 90 million ETHER in total(60% crowdsale participants 40% miners until the switch the POS. In 18 months. (Correct me if I'm wrong)
Each ether is divisible down to millionths just like bitcoins but in Ethereum they are called 'wei'.
I don't expect to see Bitcoin-like bubbles in ether. But a steady increase up to >$10 by the alpha release. And then $30-50 hopefully during my lifetime.
I might put my ether towards a distributed Wei faucet and just make money from ads
Don't you get it, this undermines why Bitcoin was made. If we wanted a digital currency that inflates then just use your credit card and buy something in dollars.....is everyone insane on here?
And who the hell are you spouting this Ethereum bs from a newbie account?
$50 in dollars in your lifetime are you insane? A coffee will cost $50 in the lifetime or probably a lot more..
"Ethereum also recognizes that a system intended to serve as a distributed, consensus-based application platform for global economic and social systems, must strongly emphasize inclusiveness. One of the many ways we intend to foster inclusiveness is by maintaining an issuance system which possesses some churn. New participants in the system will be able to purchase new ETH or mine for new ETH whether they are living in the year 2015 or 2115. We believe we have a achieved a good balance between the two goals of fostering inclusiveness and maintaining a stable store of value. And 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."
- https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/
But 90 million ETHER in total(60% crowdsale participants 40% miners until the switch the POS. In 18 months. (Correct me if I'm wrong)
Each ether is divisible down to millionths just like bitcoins but in Ethereum they are called 'wei'.
I don't expect to see Bitcoin-like bubbles in ether. But a steady increase up to >$10 by the alpha release. And then $30-50 hopefully during my lifetime.
I might put my ether towards a distributed Wei faucet and just make money from ads
- https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/
But 90 million ETHER in total(60% crowdsale participants 40% miners until the switch the POS. In 18 months. (Correct me if I'm wrong)
Each ether is divisible down to millionths just like bitcoins but in Ethereum they are called 'wei'.
I don't expect to see Bitcoin-like bubbles in ether. But a steady increase up to >$10 by the alpha release. And then $30-50 hopefully during my lifetime.
I might put my ether towards a distributed Wei faucet and just make money from ads
Probably yes.
The question is ether unlimited in supply? If so it undermines the whole point of Bitcoin and further conforms my fears that Ethereum is the elites response to Bitcoin. What the central banks need as well as the banks is an expandable supply, does Ethereum give them that?
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