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Topic: What if ethereum had a maximum coin supply set from the beginning? (Read 294 times)

ralle14

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It's possible for ETH to be higher if there was a max supply but it's hard to assume that it will be higher because Bitcoin's price is a big factor to ETH's current price.

Quote from: Callanta787 on March 09, 2019, 12:46:27 AM

Total max supply doesn't matter that much ,I know that low supply coins appreciate in price higher than large max supply ones but what really matters is what the coin have to offer ,how good it is and what we can use the coin for ,this is why I like ETH and I care less about its max supply

For you it's not a big deal but most people that are invested will care about the price and not having a maximum supply can be one of the reason ETH loses its value.

Quote from: nonbody on March 09, 2019, 12:42:04 AM

I think that even if Ethereum does not have the largest supply, it will not limit its price increase. When people use ETH in general, the value of Ethereum may exceed BTC.

I agree but when a cryptocurrency doesn't have a max supply you can't avoid the fact that its price will go down at one point.

Callanta787

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nonbody

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I think that even if Ethereum does not have the largest supply, it will not limit its price increase. When people use ETH in general, the value of Ethereum may exceed BTC.

5ensei

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There was talk that is was going to be 120 million as a total supply but that figures appears to be approaching fast. They should really implement this quickly while the market is down and investors have more assurances when picking investments

10c

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Quote from: babicena14 on March 01, 2019, 05:43:33 AM

I think the cost of Ethereum will depend only on demand. With the advent of the bullish market, the number of ICO projects on the Ethereum platform will increase, coin turnover and capitalization will increase, and the result will be a rapid increase in the cost of ETH.

not the fact that by that time there will be a large number of new projects. Perhaps by that time, the market will no longer need new projects

BlueStackz

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It would be very good if eth has a maximum supply.

According to satoshi, the maximum supply in btc was created in order to control inflation, following the law of economics, when there is so much money being put in circulation, it devalues the money, this means that as the day goes by, instead of we having an increase in ethereum, we might end up having a decrease in price unless a remedy is implemented to control inflation.

Bitcoin_Arena

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Quote from: BitcoinHodler on March 02, 2019, 08:15:41 AM

Vitalik has no idea what he is doing with ethereum. he doesn't even have any faith in its future and he has been clear about it from the start. Wink

When you are starting up something, of course, this is all normal. He was being realistic based on the adoption rate at that time. Ethereum grew massively big in a very short time which am pretty sure he didn't expect to happen given there were already so many other crypto projects in the background.
So, you just can't say he didn't have faith... that's a little "dumb' Wink

Quote from: BitcoinHodler on February 28, 2019, 06:34:53 AM

example you can use CS:GO game skins and Dota2 items as currency, some of them even worth thousands of dollars! you can go to a restaurant and pay with one of these but that doesn't make them a currency!

I think this is where your problem is... You definitely don't know the proper meaning of currency so let's begin

Quote

A currency (from Middle English: curraunt, "in circulation", from Latin: currens, -entis), in the most specific use of the word, refers to money in any form when in use or circulation as a medium of exchange, especially circulating banknotes and coins

From Bernstein, Peter (2008) [1965]. "4–5". A Primer on Money, Banking and Gold (3rd ed.). Hoboken, NJ: Wiley

This can also stretch up to commodity money such as gold, silver etc. If your so-called game skins or Dota2 items however expensive they are, are tradable, have demand and have a circulating supply then hell yeah, they are a currency to the people trading in them. Your thoughts are only narrowed to government-controlled fiat and also having the lame excuse that bitcoin is a currency and ether is not because Bitcoin is a payment coin whilst ether is "a token for smart contract usages." Grin

They all have circulating supplies, are on demand, are tradable and also carry some sort of value so this qualifies them to be currencies (Digital/Virtual/Cryptocurrencies) whether we like it or not.

BitcoinHodler

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Quote from: Bitcoin_Arena on February 28, 2019, 07:22:59 AM

Guess who's dumb now

Vitalik has no idea what he is doing with ethereum. he doesn't even have any faith in its future and he has been clear about it from the start. Wink

Quote from: BitcoinHodler on February 28, 2019, 06:34:53 AM

ETH is not designed to be a currency or anything like that. it is just a token for smart contract usages.

It's " just a token that is designed to work as a "fuel" to smart contracts" but this doesn't stop it from being a currency too. It's traded and it's can also be used to make payments just like bitcoin. come on, stop having a rigid mind.
Should we say Ether is not a form of cryptocurrency Huh

no we shouldn't because it is a token.
can you use it as a currency? of course you can. you cal also use any other object as a currency, for example you can use CS:GO game skins and Dota2 items as currency, some of them even worth thousands of dollars! you can go to a restaurant and pay with one of these but that doesn't make them a currency!
similarly you can use bitcoin for smart contracts but you shouldn't because it is not designed for that! why do you think (pre 2015) ideas of Vitalik kept being rejected by bitcoin developers team? he was pushing all this on top of bitcoin at first...

ps. and lets not forget the big cherry on top, which is the fact that ETH is not immutable ever since they did that roll back....

babicena14

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manfredmann

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Yeah I just wonder also how ETH market price move when it does not have the total supply in the market. As we all know that the coin market price is determined by its supply and the demand so how could one set a market price for ETH? Is this picture is for real? I am always surprised with cryptocurrency.

cryptobae10

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I think not knowing the maximum supply is not a problem
Just that emphasis where laid on that point inconsequentially

Mining is good but doesn’t earn big in a short while
While trading can be very risking too

The supply does not stock up in a single wallet for a whole time

various

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If Ethereum had a maximum supply, I think the price of ethereum would be much more. Because the supply was low, the demand would be high and this would raise the price.

Bytem3

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Even if Ethereum hasn't limited supply, the mining difficulty will be dropping, with the latest upgrade that occurred a few hours ago mining difficulty increased by 33% (you get a reward of 2 ETH instead of 3 ETH).

https://coincodex.com/article/3129/ethereums-constantinople-upgrade-goes-live/

Pffrt

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If the supply was fixed, ETH could have some good bump because it has been used widely and still being used but because of its infinite supply I too barely think that price will get good bump. In the long term like 5-10 years from now, ETH will be have deflation as you mentioned.

Bitcoin_Arena

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Quote from: icalical on February 28, 2019, 07:20:21 AM

I don't think fixed total supply will help Ether increase its value. But, I think that adding a fixed total supply to ETH is wrong because ETH is not the same as Bitcoin, Bitcoin is a payment coin, and Ether is a platform token. The main reason why Bitcoin has fixed supply is that they don't want bitcoin to be the same as fiat, where the authorities can make as much as fiat money they want. While Ether act as a gas for Ethereum platform, and it will be wrong if Ether has max supply.

You People get it so wrong.
In fact, with all due respect to Bitcoin since it's the God-Father of Cryptocurrencies, Bitcoin is a payment coin and can also be traded, Yes, that all bitcoin can be used for, nothing else.
Ethereum on the other side
Can also;
- Be used for payment
- Traded
- Its network is a launch platform for startups
- Development platform for Dapps and smart contracts.
Now tell me why this is not a good thing for the network?

The way you are reasoning is as though when ether gets a maximum supply cap, then "that will be the end of everything, there will be no more ether for gas"... LOL
It simply means the Ether price will be on the rise as the network gets more adoption. Gas will still be there and will still be charged in Ether until probably they switch to POS as planned.

Otherwise if being a payment coin was a big deal then why is 4-year-old Ether beating other 6+ year old payment coins in terms of market capitalisation? shouldn't they be closer to BTC?

wxganz

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Undoubtedly the price of ether will stay long in one position. The ether is still very bad due to the fact that the team can not update and misinformation arranged by Vitalik Buterin very bad impact on the company's shares.

Bitcoin_Arena

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Quote from: BitcoinHodler on February 28, 2019, 06:34:53 AM

that is a dumb statement! where did you even get that from?
supply is not something you speculate about, it is clear when how much is going to be created thanks to the design of PoW and difficulty you can predict it with a small tolerance.

This is where I got it you hot head, https://www.reddit.com/r/ethereum/comments/5izcf5/lets_talk_about_the_projected_coin_supply_over/dbc66rd/
Vitalik posted it himself
Don't just think i posted it without any reading;

Quote from: BitcoinHodler on February 28, 2019, 06:34:53 AM

ETH is not designed to be a currency or anything like that. it is just a token for smart contract usages.

icalical

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BitcoinHodler

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to get the answer to your question you first have to understand what ETH is and what bitcoin and other coins are.

bitcoin is a currency, it is supposed to work that way and it also is supposed to be deflationary unlike the usual fiat that is inflationary. also it aims at fixing the problem with fiat that the government can print as much as they like any time they want.

now what is Ether? ether is just a token that is designed to work as a "fuel" to smart contracts. in fact it having value doesn't make much sense but unfortunately you can't create a token and not have it be traded. and it is designed to work on the platform called ethereum. so in order to do that it has to have unlimited supply. and the result is that it will lose value in the long run because of that design but that doesn't matter because as i said ETH is not designed to be a currency or anything like that. it is just a token for smart contract usages.

Quote from: Bitcoin_Arena on February 26, 2019, 10:44:33 PM

Apparently, even Ethereum Cofounder Vitalik Buterin thought that Ether total supply wouldn't go past 100M at-least for a decade,

mindrust

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Ethereum and ripple and both are scams.

Ripple corp owns more than %60 of the coin supply (most likely it is close to 80% since they also own some of the coins in circulation.) and eth is a clown show where Vitalik decides what'll happen.

Eth doesn't have a hard cap on the supply and they don't know what to do about it. Vitalik's calculation was wrong and who knows what else he miscalculated...

Both of them should just disappear so less people will get burned.