Topic: Limiting ETH's total supply - page 2. (Read 279 times)
I think it's because ETH introduce smart contract that's why it has infinite supply, sometimes limited supply works but I don't think ETH is designed this way, let's wait for the Proof of Stake feature and see if ETH will have more value
Limiting ETH supply has always been a topic of debate among ETH developers but they have always concluded that limiting the supply now would underestimate the real intention of Ethereum, i.e. to be a utility token. The newer POS would drastically reduce the number of newly produced coins and best of all, the production could be controlled to some extent to match market conditions.
Limiting ETH max supply might happen in the future but for now it's really not helping, I believe ETH should be around 500$ now if not for it's unknown max supply, maybe vitalik wants ETH as infinite supply?
If this will happened surely it could bring such increase to ethereum price as people believe that lower supply means bigger in demand. This has been the norm of most people when thinking about laws of demand and supply. But I doubt eth devs will do this for now. As ethereum needs a lot of supply since they are providing services to a larger ecosystem of dApps. Eth is fine for me to have finite supply and no valid reason to see why needed to max its current supply now. Important here is the circulation of the total coins that been utilized by the community.
Despite not having any max supply didn't they start reducing ETH's block reward ? The max supply is just like a time based switch since the rewards are automatically reduced once the specific block is mined. I think having no max supply is just fine for ethereum since there's always changes and the price is pretty stable regardless of the increasing supply. Putting a max supply might have a difference but I doubt it'll be big because it might take several years for the max supply to have an effect if it would be similar to eth classic.
Limiting the total supply could encourage long-term holding of this coin and that could catapult the price. The argument here is that who would want to use it then? If ethereum reaches thousands of dollars, would investors want to waste it on gas? We will not know the answers yet until that time comes.
Bitcoin was meant to be used as a daily currency but it has become a store of value now. Most investors would rather hold and sell than spend it. The same thing could happen to Ethereum.
Bitcoin was meant to be used as a daily currency but it has become a store of value now. Most investors would rather hold and sell than spend it. The same thing could happen to Ethereum.
It will be very suitable for ethereum to use such a model and why not?: we have so many coins that have already created the hardcap supply that will be achieved in the future. Iceage already prepared for this thing but it has already delayed again since ethereum core developer was thinking if ethereum still needs more inflation before its supply will be limited.
That's why ethereum developer has already planned it on the serenity update that will also determine how much the total supply for ethereum coin must be existed in the market. The problem is just when the serenity update will have done.
That's why ethereum developer has already planned it on the serenity update that will also determine how much the total supply for ethereum coin must be existed in the market. The problem is just when the serenity update will have done.
The Ethereum blockchain is the world's biggest smart contract platform and the second-largest cryptocurrency by market cap. It's impressive to see each "ETH" coin being worth hundreds of dollars when the core devs have designed it to be highly inflationary. Without a defined total/max supply for Ethereum, it may never reach exorbitant prices like Bitcoin.
Now what if ETH's supply would be limited (finite) instead? If devs take this approach, I believe that Ethereum would be much more valuable than what it is right now. It'll become a great store of value just like Bitcoin is today. This could increase demand for ETH by a long shot, as it's widely used as "fuel" (gas) for decentralized applications.
Will such model be suitable for a smart contract platform like Ethereum? I mean if Ethereum Classic has adopted a hard cap of 210m coins, then doing something similar on the ETH blockchain should be a no-brainer. I'm not sure how feasible would to limit ETH's supply. But the community and dev team will decide whenever this will become a reality or not.
What are your thoughts?
Now what if ETH's supply would be limited (finite) instead? If devs take this approach, I believe that Ethereum would be much more valuable than what it is right now. It'll become a great store of value just like Bitcoin is today. This could increase demand for ETH by a long shot, as it's widely used as "fuel" (gas) for decentralized applications.
Will such model be suitable for a smart contract platform like Ethereum? I mean if Ethereum Classic has adopted a hard cap of 210m coins, then doing something similar on the ETH blockchain should be a no-brainer. I'm not sure how feasible would to limit ETH's supply. But the community and dev team will decide whenever this will become a reality or not.
What are your thoughts?
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