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0 pointsdjohnston5y ago0 comments

Is is? I thought they both ran on similar deflationary policies related to diminishing block rewards

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4 comments · 1 top-level

capnorange5y ago· 3 in thread

Ethereum operates on "Minimum viable issuance" so unlike Bitcoin there is no hard cap. Eth wont be deflationary until EIP-1559, maybe never.

intotheabyss5y ago

It's not like Bitcoin has a hardcap in any of our lifetimes. Coin yearly inflation is the metric people should be concerned about. BTC is less than 2%, whereas Ethereum is around 4% today. With PoS, this figure will drop to <2%, so equivalent to Bitcoin. The whole "ETH supply is infinite" is such a lame argument. It's not infinite, because your life isn't infinite. It has a finite yearly inflation, just like Bitcoin.

alwillis5y ago

BTC is less than 2%, whereas Ethereum is around 4% today

Let's not forget Bitcoin's block subsidy (currently 6.25 BTC) is cut in half every 210,000 blocks or about every 4 years. Bitcoin is deflationary—88.44% of all Bitcoin that will ever be produced have already been issued.

We have no idea where Eth is with its production of currency.

capnorange5y ago

> It's not like Bitcoin has a hardcap in any of our lifetimes.

You must be a EMH denier :)

> ETH supply is infinite

I never claimed that ETH supply is infinite, just that the issuance is unpredictable.

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