|
Title: ETH 18M issued per year...Will supply growth rate really trend towards zero? Post by: DougM on July 27, 2020, 11:50:39 AM The following quote is from a thread six years ago during the period when ETH was going IPO. Obviously ETH has proven to be a very successful alt-coin and a great investment for most investors, but I am curious about the future issuance of ETH coins since ETH does not have a hard max coin limit like bitcoin. If I understand correctly, annual issuance of ETH capped at 18,000,000 per year. The Ethereum white paper (https://ethereum.org/en/whitepaper/), argues that over time the ETH supply growth rate trend towards zero.
In hindsight, any thoughts about how ETH's coin issuing model is doing today? Has the ETH 'team' injected more coins over the years "to address other issues that may arise" or have they showed reasonable constraint? Any predictions on what it will mean to ETH's value in the next 6 years? Man...i have just opened the Terms and Conditions page : "....for technical reasons EthSuisse may need to change the annual rate of new creation to a value lower than 26% to account for changes to the Ethereum mining algorithm or to address other issues that may arise. There is no guarantee that this percentage will be accurate or that this rate will continue at the same level....." For FIAT, a 25% inflation rate would spell disaster. But not even 26% is guaranteed. Unbelievable !!!! 26% of ETH sold in the IPO is the guaranteed maximum. Since the yearly inflation is a fixed amount of ETH, it is a decreasing percentage as the years go by, and will at some point become less than even the few % of ETH that inevitably gets lost every year. 1. Ethereum supply is 100% controlled by "the team". 2. The team can "inject" anytime any qty of coins into the market "to address other issues that may arise". 3. Ethereum is issued by "the team", not by the network. Nothing is hard-coded. There is no guarantee that the team will not inject 10.000.000 ether to "maintain" the network stability on the "long term". Do you really think that bitcointalk's readers are retarded ??? You tell me that "26% of ETH sold in the IPO is the guaranteed maximum.", when the he TOS states that "There is no guarantee that this percentage will be accurate or that this rate will continue at the same level". The real problem is that issuing new ether coins is NOT a transparent, hard-coded process. It's up to Vitalik and his team how much coins are going to be created next month. A lot of smart people are reading this forum. Do you think they are all blind ?? Title: Re: ETH 18M issued per year...Will supply growth rate really trend towards zero? Post by: Pasutinmeur on July 27, 2020, 02:37:09 PM The current model looks not so transparent for me but I hope that everything will be changed when serenity will be fully implemented
https://www.coindesk.com/coindesks-twitter-hack-proved-the-media-cant-rely-on-web-2-0 That article has told us if ethereum has already prepared a new model for that. I hope that the POS system will determine how much the hardcap supply for ethereum too. |