Re:Bitcoin Hits New All-Time High
by djohnston on Wednesday December 16, 2020 @09:17AM
(#25442707)
Is is? I thought they both ran on similar deflationary policies related to diminishing block rewards
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Re:Bitcoin Hits New All-Time High
by capnorange on Wednesday December 16, 2020 @09:32AM
(#25442914)
Ethereum operates on "Minimum viable issuance" so unlike Bitcoin there is no hard cap. Eth wont be deflationary until EIP-1559, maybe never.
Re:Bitcoin Hits New All-Time High
by intotheabyss on Wednesday December 16, 2020 @11:55AM
(#25444841)
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.
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.
Re:Bitcoin Hits New All-Time High
by capnorange on Thursday December 17, 2020 @05:12AM
(#25454219)
> 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.