|
Title: Ether statistics? Post by: adhitthana on March 14, 2016, 10:02:17 PM Looking to try to understand it's supply. Thank you for any help. :)
1.77 million coins? 2.Some of these are tied up in the foundation. How many? 3.How many are freely traded? 4.How many are produced each year? 5.Do coins get burned when used to make dapps? Title: Re: Ether statistics? Post by: Minecache on March 14, 2016, 10:08:06 PM 90m total
Title: Re: Ether statistics? Post by: adhitthana on March 14, 2016, 10:50:18 PM 90m total Thanks..do you mean there is 90M now or there will be a maximum of 90M coins? Title: Re: Ether statistics? Post by: adhitthana on March 14, 2016, 11:10:16 PM Ok...I found this on the etherium forum. Posted by Stephan Tual a moderator there.
https://forum.ethereum.org/discussion/1451/how-many-ethers-will-ever-exist Quote There is no maximum. 60,102,216 ethers were created during the sale, plus 2x pools of 9.9% each. 26% of 60,102,216 will be created through mining every year. This means that 15,626,576 will be created every year on top of the 60m and the two pools. After a while, 15,626,576 ether won't represent much of the total ether available, making the system dis-inflationary (i.e., inflation perpetually trending towards 0 but never reaching it). Title: Re: Ether statistics? Post by: Alley on March 14, 2016, 11:22:02 PM So starting at a 26% inflation rate? Oh my...
Title: Re: Ether statistics? Post by: thms on March 14, 2016, 11:36:21 PM Ok...I found this on the etherium forum. Posted by Stephan Tual a moderator there. https://forum.ethereum.org/discussion/1451/how-many-ethers-will-ever-exist Quote There is no maximum. 60,102,216 ethers were created during the sale, plus 2x pools of 9.9% each. 26% of 60,102,216 will be created through mining every year. This means that 15,626,576 will be created every year on top of the 60m and the two pools. After a while, 15,626,576 ether won't represent much of the total ether available, making the system dis-inflationary (i.e., inflation perpetually trending towards 0 but never reaching it). That is outdated. Your link if form 2014. Maximum is about 90M~100M. And only a minimal inflation after that. See: https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/ Title: Re: Ether statistics? Post by: adhitthana on March 15, 2016, 12:47:52 AM Ok...I found this on the etherium forum. Posted by Stephan Tual a moderator there. https://forum.ethereum.org/discussion/1451/how-many-ethers-will-ever-exist Quote There is no maximum. 60,102,216 ethers were created during the sale, plus 2x pools of 9.9% each. 26% of 60,102,216 will be created through mining every year. This means that 15,626,576 will be created every year on top of the 60m and the two pools. After a while, 15,626,576 ether won't represent much of the total ether available, making the system dis-inflationary (i.e., inflation perpetually trending towards 0 but never reaching it). That is outdated. Your link if form 2014. Maximum is about 90M~100M. And only a minimal inflation after that. See: https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/ Thanks you can you show me where in tat link it says r even infers the maximum coins will be 90-100M? Title: Re: Ether statistics? Post by: K210 on March 15, 2016, 04:03:01 AM what i dont understand is why they cant have information like this on their website. There website is garbage, all about smart contracts nothing about the coin or wallets. How do they expect people to get into ether without this info?
Title: Re: Ether statistics? Post by: adhitthana on March 15, 2016, 04:10:28 AM what i dont understand is why they cant have information like this on their website. There website is garbage, all about smart contracts nothing about the coin or wallets. How do they expect people to get into ether without this info? I agree it is puzzling that this information is so hard to find.But I think the thing might be that Ether was never meant to be a money making coin, but a platform to build dapps. It's just that it has token as a part of that process. Title: Re: Ether statistics? Post by: thms on March 15, 2016, 04:27:02 AM what i dont understand is why they cant have information like this on their website. There website is garbage, all about smart contracts nothing about the coin or wallets. How do they expect people to get into ether without this info? You can find this information a mere ONE CLICK AWAY from their homepage. ethereum.org > FAQ Quote Is the ether supply infinite? No. According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key lost, death of holders etc) and there would reach an equilibrium. But the rate is not expected to be kept: sometime in 2017 Ethereum will be switched from Proof of Work to a new consensus algorithm under development, called Casper that is expected to be more efficient and require less mining subsidy. The exact method of issuance and which function it will serve is an area of active research, but what can be guaranteed now is that (1) the current maximum is considered a ceiling and the new issuance under casper will not exceed it (and is expected to be much less) and (2) whatever method is ultimately picked to issue, it will be a decentralized smart contract that will not give preferential treatment to any particular group of people and whose purpose is to benefit the overall health and security of the network. Title: Re: Ether statistics? Post by: TreasureSeeker on March 15, 2016, 05:14:36 AM With 18 million issuance per year at current prices of $12.61 per ETH, that means 226 million dollars worth of ETH is being issued per year.
That's over 1.5 times the entire market capital of Litecoin for example and more than 6.6 times the entire market capital of DASH . Makes me think that ETH is a wee bit overvalued at the moment and other coins like LTC and DASH are severely undervalued. Title: Re: Ether statistics? Post by: thms on March 15, 2016, 05:41:59 AM With 18 million issuance per year at current prices of $12.61 per ETH, that means 226 million dollars worth of ETH is being issued per year. That's over 1.5 times the entire market capital of Litecoin for example and more than 6.6 times the entire market capital of DASH . Makes me think that ETH is a wee bit overvalued at the moment and other coins like LTC and DASH are severely undervalued. Your reading comprehension is abysmal.... Read again: sometime in 2017 there will be no more 18M ETH issued every year. TL;DR: There will be less than 100M ETH total. And please... 226 million for a global currency is a minuscule amount. Title: Re: Ether statistics? Post by: Za1n on March 15, 2016, 10:49:12 AM With 18 million issuance per year at current prices of $12.61 per ETH, that means 226 million dollars worth of ETH is being issued per year. That's over 1.5 times the entire market capital of Litecoin for example and more than 6.6 times the entire market capital of DASH . Makes me think that ETH is a wee bit overvalued at the moment and other coins like LTC and DASH are severely undervalued. Your reading comprehension is abysmal.... Read again: sometime in 2017 there will be no more 18M ETH issued every year. TL;DR: There will be less than 100M ETH total. And please... 226 million for a global currency is a minuscule amount. Yes, I fail to understand why people think more coins is somehow bad. Everyone talks about once mass adoption hits, blah, blah. Well Bitcoin only has 21 million coins, and even less than that will be in circulation due to lost coins. So even if we use the US as an example, with a population of ~350 million people, let's even half that figure to cutout children and married couples, and even rounded down some more to 150 million people, you can see we have a problem already. This means a hypothetically evenly distributed coin (in this case BTC) would only allow each person to own about 1/7th of a Bitcoin. So using the same figures, even 226 million coins is, as TreasureSeeker stated, a minuscule amount. If it were to become a truly mass adopted coin, most people will want more than one, so with more than 7 billion people on the planet, you would probably be even ok with a coin with 100's of billions in distribution. Sure, they won't be worth big huge numbers in such quantities (DOGE for example), but if you really want mass adoption you need coins to distribute. I know Bitcoin tries to get around this by saying it is divisible to 8 decimal places, which is true, but most humans like to own whole amounts of things and not fractions. That is why I have 1 dollar, 20 dollars, 100 dollars, or even 1 million dollars as a dollar is small enough unit most everyone can have one or several of them. Imagine if we used the million dollar point as our "base" unit, I would need to walk around saying I have 0.0000001 million. But as you can see this simply ends up being a case of moving the decimal point around, so really in the end 21 million coins valued at $500 is no different than 210 million coins valued at $50, or even 2.1 billion coins valued at $5. |