Re:Ethereum 2.0 launches
by Sargos on Tuesday December 01, 2020 @08:45AM
(#25265029)
BTC (2%) and ETH (4.5%) are both inflationary right now and have never been deflationary. BTC will be inflationary until about 100 years from now. ETH is a bit more complex but in about a year when it switches from proof of work to proof of stake the inflation will drop to <1%. When EIP-1559 is implemented next year then most of the transaction fees are burned which will likely drop the inflation rate into the negatives which will turn Ethereum into a deflationary asset.
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Deflation = value of money increases.
Inflation = value of money decreases.
Sargos seems to be confusing 'inflation' and 'monetary inflation' (increase in money supply).
In the crypto world inflation/ deflation refers to change in supply.
Re:Ethereum 2.0 launches
by ARandumGuy on Tuesday December 01, 2020 @02:12PM
(#25268659)
So it's another area where cryptocurrency enthusiasts just decided to change the meaning of some words? Like they did with fiat?
I don't think the words deflation/inflation are linked to money. A ball can deflate, which has nothing to do with the value of the ball or money.
Re:Ethereum 2.0 launches
by andrethegiant on Tuesday December 01, 2020 @02:19PM
(#25268735)
I thought BTC had a hardcoded cap of 21M coins? How could its supply change?
The 21M cap hasn't been reached yet so BTC are still being created.
If more than half of the nodes adopted an update with that cap changed, it would change. It'd probably result in a fork.
Re:Ethereum 2.0 launches
by IronRanger on Tuesday December 01, 2020 @09:01AM
(#25265156)
You forgot USD (30%)