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Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: shadums on June 12, 2017, 09:59:42 AM

Hi guys,

Thank you for taking the time to read my question. I was watching a video on Youtube and got a piece of information that I thought was huge and I wanted to research it. The video said the Etherium is not "capped" the way Bitcoin is capped. They could create more shares the way the government can print more dollars. I was wondering how I can check that. How do you know which currencies are capped and which are open?

Thanks,
Shadums

I would just want to indicate that you have the wrong idea. Ethereum cannot "create shares the way the US government can print more fiat". It does not work that way, I might be wrong but Ethereum has a yearly inflation rate of 14% and it could be more than that but not too much. The network cannot create more ETH on a whim which is what you might be thinking.

Herbert2020

legendary

Activity: 1946

Merit: 1137

you can always check the coin's website, white paper, source code. and also you can also always search any question you have and read the answer people give on the forum or better answers on stackoverflow.com or stackexchange.com if they have a section (which ethereum has).

and as for your question, yes it is true. ethereum has no cap and currently the mining reward is huge. it is about 25,880 ETH every day and that is 14 times more than bitcoin's daily total reward.

take a look at this for more stats: https://bitinfocharts.com/

this design however is good because ether was never supposed to a currency and was never supposed to be traded like this!
ether is a token which is supposed to be used for smart contracts not as a currency, which is why it needs to be created this much. but when they treat it as a currency and then trade it like that, all the problems with that shows up. the model becomes flawed in this case.

2bfree

sr. member

Activity: 686

Merit: 251

I'm investigating Crypto Projects

Quote from: shadums on June 12, 2017, 09:59:42 AM

Hi guys,

Thank you for taking the time to read my question. I was watching a video on Youtube and got a piece of information that I thought was huge and I wanted to research it. The video said the Etherium is not "capped" the way Bitcoin is capped. They could create more shares the way the government can print more dollars. I was wondering how I can check that. How do you know which currencies are capped and which are open?

Thanks,
Shadums

That is what I understand as well you can have unlimited but the pace is caped just not the amount. I might be wrong.

shadums

newbie

Activity: 1

Merit: 0

Hi guys,

Thank you for taking the time to read my question. I was watching a video on Youtube and got a piece of information that I thought was huge and I wanted to research it. The video said the Etherium is not "capped" the way Bitcoin is capped. They could create more shares the way the government can print more dollars. I was wondering how I can check that. How do you know which currencies are capped and which are open?

Thanks,
Shadums

Topic: Research Question (Read 270 times)