Create account

replied 858d
I disagree that Ethereum is our competitor, Ethereum has no maximum supply and is digital fiat pretty much.
replied 858d
Neither does gold have a max supply but ETH is most assuredly aiming for the cash use case.
replied 858d
15,626,576 Ether minted by miners every year. Just think about that for a second... It's inflationary and designed to lose value, just like fiat. It's a major flaw.
replied 858d
I find 4,855,015 ethers per year (for 2 ethers per block and a rate of 1 block every 13 seconds: https://etherscan.io/chart/blocktime). This is a 3.8% rate, just like... BTC and BCH.
replied 858d
Awesome news. I thought the block reward was 5 per block. Thank you for the correction.
It's still being mined by Genesis, in Iceland. What is your opinion on Genesis mining?
replied 858d
HEX is 'designed' to increase in value.

The tail emission is to provide a base level of security, which Bitcoin does not provide, which will eventually need to function solely on
replied 858d
transaction fees.

Besides that, ETH will burn fees, so it has the potential to be deflationary should the network be popular enough.
replied 858d
I was reading a Bakkt article this morning which stated the powers that be are looking into Ether future, trading options.
replied 858d