Why is Ether so popular, despite its infinite supply?

[Divinespark]

That said, ether is designed without fixed supply in mind as the tokens power the contracts and therefore will have increasing supply
BTC likely will be a far superior store of value

[odolvlobo]

Seems like a ponzi where the early "investors" are now benefiting from a flood of hype crazed newbie investors dazzled by "pump and dump" appreciation.

We've seen that pattern 500 times on the other Alt coins. Always ends badly.

That's not a Ponzi scheme.

[BARR_Official]

Infinite supply isn't Ethereum's biggest problem.  If there's ever a real use for Ethereum, the size of the blockchain will probably make it impossible for almost anyone to use.

[mindrust]

It is because every single thing about m-ether is a lie. They say there are 150m$ of investing made in DAO. Another lie. It is a pump&dump scamcoin which is promoted heavily because they pay people for the job. I wouldn't go near anything related to ether.

[Amph]

because coins in circulation is more important than the maximum supply limit

also it has already a huge marketcap, and it is known that money attract other money and so on...

[gentlemand]

The supply thing sounds a little murky but i think it's overegged. Similarly no one's going to give a shit about future supply if things are exploding in the here and now.

[biggbox]

Infinite supply isn't Ethereum's biggest problem.  If there's ever a real use for Ethereum, the size of the blockchain will probably make it impossible for almost anyone to use.

Hey, you are right. Essentially, if Ether smart contract gets super popular, the globe will be using one main Ether chain?

50 GB of Bitcoin block chain is scary enough.

[biggbox]

Seems like a ponzi where the early "investors" are now benefiting from a flood of hype crazed newbie investors dazzled by "pump and dump" appreciation.

We've seen that pattern 500 times on the other Alt coins. Always ends badly.

Prior to Ether, what other coins shared the same fate?

[ObscureBean]

Finite/infinite supply doesn't really have anything to do with it being popular really. When you get right down to it, usefulness is what makes something valuable. ETH has all of the main features that define Bitcoin plus offers a ton more on top. What makes ETH different from the multitude of altcoins out there is that while others try to implement a few novel features, ETH offers a near infinite number of possible applications, allowing anyone to build their ideas on top of it.

[alyssa85]

because it's fast and the people wants a "normal" e-currency with instant transactions.

This. It is literally that simple - people just want something that works well.

[bitcoineverything]

Ethereum is gaining popularity and adoption because it is made with a purpose different from Bitcoin. Bitcoin is made as an alternative to regular money while Ethereum is made as a platform for P2P contracts and apps thru its currency vehicle.

[thelibertycap]

Ethereum is gaining popularity and adoption because it is made with a purpose different from Bitcoin. Bitcoin is made as an alternative to regular money while Ethereum is made as a platform for P2P contracts and apps thru its currency vehicle.

What adoption? I see only speculation.

[Renovatio]

 I welcome anyone to join us at reddit.com/ethtrader and join people who actually make money with crypto

Just to clear up some confusion:

1. First things first: Ether supply is not infinite - in a few months we will switch to a new algorithm (Proof of Stake) and mining will stop forever. Dilution will stop immediately. There will be a low inflation of possibly 0 to 1% per anno.
2. Many bluechips, some of the largest corporations on this planet are heavily investing into Ethereum or are at least researching it, including Reuters (News), RWE (Energy) and some of the largest insurers in the world
3. There is an overwhelming brain-drain happening. Many smart developers left BTC and joined Ethereum already.
4. The fact that we as a community raised $150 million in a month to fund the development shows that we will quickly outspend BTC development in a major way
5. ETH Network difficulty continues to explode, underlining that this is a real network that will quickly outpace BTC
6. ETH has much more use cases than BTC will ever have - it goes way beyond currency and as such you can argue that it will have far greater volume, especially if it can grab some of the IoT market share. Fact: After 7 years+ BTC has no scripting language.
7. ETH is incredibly, incredibly fast and way easier to scale
8. ETH is easy to program. The programming language is based on Javascript
9. ETH has the potential to revolutionize some of our largest industries on this planet. It has garnered so much attention that government institutions are now actively looking into it to safe money on administration / notary services and so on
10. Bitcoin was an experiment. It failed to go beyond currency. ETH is already there. We are doing it, right now.

Again, if you are bored of 1-2% gains or even 50% losses in the next months, then I welcome you to join us on /ethtrader

Take a step back and look at what ETH is (a huge and wonderful play on the 300B sharing economy and IoT revolution).

Then evaluate BTC and you will see that BTC cannot compete in any way and has already lost the "war".

Put on top that silly civil war going on between BTC devs. Put on top the fact that BTC is effectively controlled by the Chinese - there are large stakeholders that have an interest in seeing BTC fail.

Ultimately, you have to ask yourself, do you want to invest in a Chinese company or a network that is jointly governed and controlled by the world?

[biggbox]

I welcome anyone to join us at reddit.com/ethtrader and join people who actually make money with crypto

Just to clear up some confusion:

1. First things first: Ether supply is not infinite - in a few months we will switch to a new algorithm (Proof of Stake) and mining will stop forever. Dilution will stop immediately. There will be a low inflation of possibly 0 to 1% per anno.
2. Many bluechips, some of the largest corporations on this planet are heavily investing into Ethereum or are at least researching it, including Reuters (News), RWE (Energy) and some of the largest insurers in the world
3. There is an overwhelming brain-drain happening. Many smart developers left BTC and joined Ethereum already.
4. The fact that we as a community raised $150 million in a month to fund the development shows that we will quickly outspend BTC development in a major way
5. ETH Network difficulty continues to explode, underlining that this is a real network that will quickly outpace BTC
6. ETH has much more use cases than BTC will ever have - it goes way beyond currency and as such you can argue that it will have far greater volume, especially if it can grab some of the IoT market share. Fact: After 7 years+ BTC has no scripting language.
7. ETH is incredibly, incredibly fast and way easier to scale
8. ETH is easy to program. The programming language is based on Javascript
9. ETH has the potential to revolutionize some of our largest industries on this planet. It has garnered so much attention that government institutions are now actively looking into it to safe money on administration / notary services and so on
10. Bitcoin was an experiment. It failed to go beyond currency. ETH is already there. We are doing it, right now.

Again, if you are bored of 1-2% gains or even 50% losses in the next months, then I welcome you to join us on /ethtrader

Take a step back and look at what ETH is (a huge and wonderful play on the 300B sharing economy and IoT revolution).

Then evaluate BTC and you will see that BTC cannot compete in any way and has already lost the "war".

Put on top that silly civil war going on between BTC devs. Put on top the fact that BTC is effectively controlled by the Chinese - there are large stakeholders that have an interest in seeing BTC fail.

Ultimately, you have to ask yourself, do you want to invest in a Chinese company or a network that is jointly governed and controlled by the world?

But what is stopping Chinese Ether miners from taking over half the world's processing power, all over again? They have access to cheaper raw materials, cheaper power to mine Ether.

[Renovatio]

But what is stopping Chinese Ether miners from taking over half the world's processing power, all over again? They have access to cheaper raw materials, cheaper power to mine Ether.

The fact that they cant do that due to PoS. With PoS, only stakeholders can participate in the staking process and earn fees on the network. ETH stakeholders are spread throughout the world as it should be.

[Jasad]

because it's fast and the people wants a "normal" e-currency with instant transactions.

This. It is literally that simple - people just want something that works well.

yes we all want something better that now,bitcoin have many problem on transaction or supply,or maybe price. but,have you think etherum will answer all bitcoin problem?or etherum just gonna be one of many crypto that have cheap price under bitcoin?

[alyssa85]

because it's fast and the people wants a "normal" e-currency with instant transactions.

This. It is literally that simple - people just want something that works well.

yes we all want something better that now,bitcoin have many problem on transaction or supply,or maybe price. but,have you think etherum will answer all bitcoin problem?or etherum just gonna be one of many crypto that have cheap price under bitcoin?

Because of the quick blocks, they arn't going to experience network congestion. Yesterday there was a period where just one bitcoin block was found in an hour, which increased the backlog. With Ether making blocks practically every minute it's not going to happen to them. And all the end user cares about is whether something works. They don't want to hear excuses or explanations about why their transaction hasn't gone through. They just want stuff to work.

[biggbox]

because it's fast and the people wants a "normal" e-currency with instant transactions.

This. It is literally that simple - people just want something that works well.

yes we all want something better that now,bitcoin have many problem on transaction or supply,or maybe price. but,have you think etherum will answer all bitcoin problem?or etherum just gonna be one of many crypto that have cheap price under bitcoin?

Because of the quick blocks, they arn't going to experience network congestion. Yesterday there was a period where just one bitcoin block was found in an hour, which increased the backlog. With Ether making blocks practically every minute it's not going to happen to them. And all the end user cares about is whether something works. They don't want to hear excuses or explanations about why their transaction hasn't gone through. They just want stuff to work.

So what is going on with the development or the push for Bitcoin thunder network now? The last I read, the thunder network is going to try resolve the problem of network confirmation.

[Renovatio]

because it's fast and the people wants a "normal" e-currency with instant transactions.

This. It is literally that simple - people just want something that works well.

yes we all want something better that now,bitcoin have many problem on transaction or supply,or maybe price. but,have you think etherum will answer all bitcoin problem?or etherum just gonna be one of many crypto that have cheap price under bitcoin?

Because of the quick blocks, they arn't going to experience network congestion. Yesterday there was a period where just one bitcoin block was found in an hour, which increased the backlog. With Ether making blocks practically every minute it's not going to happen to them. And all the end user cares about is whether something works. They don't want to hear excuses or explanations about why their transaction hasn't gone through. They just want stuff to work.

So what is going on with the development or the push for Bitcoin thunder network now? The last I read, the thunder network is going to try resolve the problem of network confirmation.

It is too little too late. The lightning network is a last ditch attempt to save Bitcoin. I am simply not convinced it will come out early enough and even if it magically gets released next 3 months it will have a slow adoption curve. At the same time, ETH is making incredible progress not just as a currency but in all sorts of areas.

This risks that Bitcoin will drop in half are considerable and thats a risk I am not willing to take when there are coins with a more promising future.

[bitwhizz]

Ether is popular becouse it has huge backings behind it. i.e banks