So Ethereum has an UNLIMITED SUPPLY!? (vs. BTC 21 million hard cap)

betswift

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Quote from: Ultimate Will on September 01, 2024, 09:58:02 PM

Quote from: BlackBoss_ on September 01, 2024, 01:01:03 AM

Quote from: headingnorth on September 01, 2024, 12:13:59 AM

I was curious about ethereum's supply compared to bitcoin's famous 21 million Max. supply.
Everyone knows about bitcoin 21 million max supply because people always talk about it but I never hear anything about the supply of ethereum.

How is the 21 million bitcoin cap defined and enforced

You can read about Ethereum supply with https://ultrasound.money/
With Ethereum Proof of Workd, it's 4.05% supply growth per year. Now it is 0.736% per year after Dencun upgrade months ago.
Last 24 hours, there are 1,117.72 burned ETH while 18,088.19 issued ETH, it means there are 16,970.48 ETH in new supply last 24 hours.

Ethereum can not compare to Bitcoin because it was massively premined by Vitalik Buterin.
Another Ethereum Insider Drops Bombshell: 70% Of All ETH Was Premined

I would give you merit, if I could! Wow, So they have a huge amount of both ETH and ETH Classic? How/why would they get a "free pass" from the SEC? The article was amazing, and it leaves me with unanswered questions. Looking to learn more.

Agreed. But - who wouldn't do things like that if they could? Idealism usually comes in a clash with the desire for self-well-being, credibility, and fame in the long run.

Ultimate Will

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Quote from: BlackBoss_ on September 01, 2024, 01:01:03 AM

Quote from: headingnorth on September 01, 2024, 12:13:59 AM

I was curious about ethereum's supply compared to bitcoin's famous 21 million Max. supply.
Everyone knows about bitcoin 21 million max supply because people always talk about it but I never hear anything about the supply of ethereum.

How is the 21 million bitcoin cap defined and enforced

You can read about Ethereum supply with https://ultrasound.money/
With Ethereum Proof of Workd, it's 4.05% supply growth per year. Now it is 0.736% per year after Dencun upgrade months ago.
Last 24 hours, there are 1,117.72 burned ETH while 18,088.19 issued ETH, it means there are 16,970.48 ETH in new supply last 24 hours.

Ethereum can not compare to Bitcoin because it was massively premined by Vitalik Buterin.
Another Ethereum Insider Drops Bombshell: 70% Of All ETH Was Premined

I would give you merit, if I could! Wow, So they have a huge amount of both ETH and ETH Classic? How/why would they get a "free pass" from the SEC? The article was amazing, and it leaves me with unanswered questions. Looking to learn more.

TastyChillySauce00

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Already cut my lose with ETH aside from the interesting liquid restaking protocol project there's nothing good really going on in the blockchain, it's stale as heck compared to solana and there's news that the Ethereum Foundation selling so that's cherry on top.

i think in regard of unlimited supply, ETH try to balance it with the burning, so basically there's ETH mined and ETH burned, the total supply isn't fixed for whatever reason but i find it opens up possibility to be volatile investment wise, if the burning isn't that much then the coin will lose value.

I mean to be fair, even solana is also unlimited supply from the description in CMC.

BitMaxz

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Ethereum is not as good as what it is before they switched from POW to POS and it became centralized the unlimited supply is fine I don't think it could affect the price since the price of any crypto depends on the demand and supply only traders have control how much Ethereum will be worth same goes to Bitcoin but it doesn't mean Ethereum will not be a good investment since they are actively developing related to Web3 and they already achieve lots of projects I believe Ethereum would be still a good investment for long term lets just wait for upcoming altcoin season.

Dr.Bitcoin_Strange

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Quote from: headingnorth on September 01, 2024, 12:13:59 AM

So ethereum is no different than the unlimited supply of fiat? Then what's the point of it as a long term investment?

Might as well just hold onto your dollars or whatever other fiat you have. I'm glad I never put any money into ETH or any other shipt coin.

It's not completely the same as the fiat currency because its value is still high and I believe that it will continue to grow in respect to Bitcoin growth as well.

wheelz1200

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Quote from: BlackBoss_ on September 01, 2024, 01:01:03 AM

Quote from: headingnorth on September 01, 2024, 12:13:59 AM

I was curious about ethereum's supply compared to bitcoin's famous 21 million Max. supply.
Everyone knows about bitcoin 21 million max supply because people always talk about it but I never hear anything about the supply of ethereum.

How is the 21 million bitcoin cap defined and enforced

You can read about Ethereum supply with https://ultrasound.money/
With Ethereum Proof of Workd, it's 4.05% supply growth per year. Now it is 0.736% per year after Dencun upgrade months ago.
Last 24 hours, there are 1,117.72 burned ETH while 18,088.19 issued ETH, it means there are 16,970.48 ETH in new supply last 24 hours.

Ethereum can not compare to Bitcoin because it was massively premined by Vitalik Buterin.
Another Ethereum Insider Drops Bombshell: 70% Of All ETH Was Premined

Yeah there is no secret there and in the early early years any premise was ostracized from the market and defined as a dev scam before it even started. Not so much anymore that's why so many coins and projects exist that are completely worthless or useless but still thrive. Greed has overrun rational thought. Eth was and is no different.

MeGold666

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Quote from: FatFork on September 01, 2024, 08:14:40 AM

Quote from: MeGold666 on September 01, 2024, 07:46:20 AM

"Infinite" Does not mean anyone can print it without limit, it is limited by protocol rules and you know how many coins there will be at any given time in future.

Well, that's not entirely true. Ethereum also has a "burn" mechanism that is not strictly defined as far as I know.

Yeah, Ethereum is a shitcoin Wink

I was thinking more in terms of Monero like projects where there is tail-emission and fixed block reward.

Quote from: FatFork on September 01, 2024, 08:14:40 AM

Quote from: MeGold666 on September 01, 2024, 07:46:20 AM

Fixed supply as in Bitcoin brings many problems, one of which is losing being permisonless system where you can get bitcoin without asking anyone by mining it (not that it is feasible anymore with big ASIC farms).

Please explain. How does a fixed supply of Bitcoin make it less permissionless? The fact that there is a finite number of Bitcoin doesn't change the fundamental principle that anyone can participate in the network and mine new coins.

What you have quoted is the answer.... Here's some data that may open your eyes a bit:
https://bitcointalksearch.org/topic/m.64479357

FatFork

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Quote from: MeGold666 on September 01, 2024, 07:46:20 AM

"Infinite" Does not mean anyone can print it without limit, it is limited by protocol rules and you know how many coins there will be at any given time in future.

Well, that's not entirely true. Ethereum also has a "burn" mechanism that is not strictly defined as far as I know.

Quote from: MeGold666 on September 01, 2024, 07:46:20 AM

Fixed supply as in Bitcoin brings many problems, one of which is losing being permisonless system where you can get bitcoin without asking anyone by mining it (not that it is feasible anymore with big ASIC farms).

Please explain. How does a fixed supply of Bitcoin make it less permissionless? The fact that there is a finite number of Bitcoin doesn't change the fundamental principle that anyone can participate in the network and mine new coins.

MeGold666

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Quote from: tread93 on September 01, 2024, 07:21:54 AM

You know what I never realized that about ETH surely even more of an argument for Bitcoin now. The finite supply makes it so rare and attractive. Although I do still like ETH and as the second largest token I don’t think that infinity mining amount is so bad because to many folks point there are a lot that are burned out there.

"Infinite" Does not mean anyone can print it without limit, it is limited by protocol rules and you know how many coins there will be at any given time in future.

Fixed supply as in Bitcoin brings many problems, one of which is losing being permisonless system where you can get bitcoin without asking anyone by mining it (not that it is feasible anymore with big ASIC farms).

tread93

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Quote from: headingnorth on September 01, 2024, 12:13:59 AM

I was curious about ethereum's supply compared to bitcoin's famous 21 million Max. supply.
Everyone knows about bitcoin 21 million max supply because people always talk about it but I never hear anything about the supply of ethereum.

So I went to Coinmarketcap to check out the stats. Notice under the supply for ethereum it shows an infinity symbol!
So ethereum is no different than the unlimited supply of fiat? Then what's the point of it as a long term investment?

Might as well just hold onto your dollars or whatever other fiat you have. I'm glad I never put any money into ETH or any other shipt coin.

https://coinmarketcap.com/currencies/ethereum/

You know what I never realized that about ETH surely even more of an argument for Bitcoin now. The finite supply makes it so rare and attractive. Although I do still like ETH and as the second largest token I don’t think that infinity mining amount is so bad because to many folks point there are a lot that are burned out there.

MeGold666

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Ethereum is a premined shitcoin controlled by a company.

People admire it for it's complexity which is funny, Terry explained it the best:

https://www.youtube.com/watch?v=k0qmkQGqpM8

Ethereum project reminds me of my early years in programming and my first programs, whenever I started to write some program like for repairing partitions I ended up adding so many other functions to it that from a simple repair tool it ended being a clusterfuck. Cheesy

BlackBoss_

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Quote from: pooya87 on September 01, 2024, 01:44:35 AM

Bitcoin is not an investment. It is money (not a currency). Money is a currency that can also be store of value (fiat is currency). To be SoV bitcoin needs to have a capped supply hence the 21 million cap.

People can use bitcoin in many ways, money, currency, SoV and because of its multiple use cases, it confuses people to define what it is and what it is used for.

With me, I don't care about it too much because I know Bitcoin is available to use for many things and more important if I can invest in bitcoin, hold it, I can get richer. Use it as money or currency, I can do it some times in my life but it's not my main concern with my bitcoin.

If I can turn myself to Bitcoin investor newbie, to a holder, I can get richer passively with bitcoin I am holding. 4 years or 5 years of holding is not big problem with me.

https://hodl.camp/

Hatchy

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Quote from: pooya87 on September 01, 2024, 01:44:35 AM

Ethereum is not an investment. It is also not a currency or money. Ether is fuel for smart contracts which means it has to have an unlimited supply. It needs to be constantly created so that people can use it to create shittokens (aka ethereum smart contracts).

I've never liked Ethereum for many reasons. First, it's an altcoin with a network packed up with many lowquality tokens that have no future potential. This leads to extremely high fees for even small transactions. I question its value as an investment. While some people may invest in Ethereum, I believe it's fundamentally different from Bitcoin and shouldn't be compared to it. Bitcoin has a limited supply, making it more valuable.

A key characteristic of a good money is scarcity, which increases its value. Ethereum, on the other hand, has an unlimited supply, reducing its potential value. it can't be a reliable store of value. People who hold Ethereum and other altcoins often do so for transaction fees, especially in the web3 space not as a long-term investment.

pooya87

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Quote from: headingnorth on September 01, 2024, 12:13:59 AM

So ethereum is no different than the unlimited supply of fiat? Then what's the point of it as a long term investment?

If you define these things more accurately, things become a lot clearer.

Bitcoin is not an investment. It is money (not a currency). Money is a currency that can also be store of value (fiat is currency). To be SoV bitcoin needs to have a capped supply hence the 21 million cap.

Ethereum is not an investment. It is also not a currency or money. Ether is fuel for smart contracts which means it has to have an unlimited supply. It needs to be constantly created so that people can use it to create shittokens (aka ethereum smart contracts).
In fact I'd argue that the value of "fuel" should be kept low in order to keep it useful which justifies the unlimited supply but at the same time since Ethereum is centralized and the centralized authority of it wanted to make a lot of money from their premined stash they pumped it and with the ICO craze and the pump that it brought, the price of this shitcoin went up.

Quote from: headingnorth on September 01, 2024, 12:13:59 AM

I'm glad I never put any money into ETH or any other shipt coin.

That's a different discussion though. Shitcoins can be profitable when they are being pumped for day traders. But they can never be an investment so nobody should ever bag-hold them.

bitbollo

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yes you are correct, ETH initial design does not technically have a maximum emission limit.
keep in mind that with the introduction of their forks and the transition from POW to POS a mechanism was introduced (or at least foreseen) that could also allow for a deflationary emission in the long term...
I'm going from memory this effect has not yet been seen continuously but it does not mean it will not occur in the future at better pace.

here are some references for further information
https://cointelegraph.com/news/ethereum-dencun-upgrade-ether-supply-shift
https://cryptoslate.com/proof-of-stake-cut-21-billion-eth-from-circulation-as-deflation-falls-to-1-4/

BlackBoss_

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Quote from: headingnorth on September 01, 2024, 12:13:59 AM

I was curious about ethereum's supply compared to bitcoin's famous 21 million Max. supply.
Everyone knows about bitcoin 21 million max supply because people always talk about it but I never hear anything about the supply of ethereum.

How is the 21 million bitcoin cap defined and enforced

You can read about Ethereum supply with https://ultrasound.money/
With Ethereum Proof of Workd, it's 4.05% supply growth per year. Now it is 0.736% per year after Dencun upgrade months ago.
Last 24 hours, there are 1,117.72 burned ETH while 18,088.19 issued ETH, it means there are 16,970.48 ETH in new supply last 24 hours.

Ethereum can not compare to Bitcoin because it was massively premined by Vitalik Buterin.
Another Ethereum Insider Drops Bombshell: 70% Of All ETH Was Premined

headingnorth

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NO SHITCOIN INSIDE

I was curious about ethereum's supply compared to bitcoin's famous 21 million Max. supply.
Everyone knows about bitcoin 21 million max supply because people always talk about it but I never hear anything about the supply of ethereum.

So I went to Coinmarketcap to check out the stats. Notice under the supply for ethereum it shows an infinity symbol!
So ethereum is no different than the unlimited supply of fiat? Then what's the point of it as a long term investment?

Might as well just hold onto your dollars or whatever other fiat you have. I'm glad I never put any money into ETH or any other shipt coin.

https://coinmarketcap.com/currencies/ethereum/

Topic: So Ethereum has an UNLIMITED SUPPLY!? (vs. BTC 21 million hard cap) (Read 182 times)