3 ms·
Downside is that Ethereum doesn't have a cap on number of coins, which means it has high inflation (20% a year right now). Also, Ethereum uses A LOT of disk spa
by um_ya 9y ago
Downside is that Ethereum doesn't have a cap on number of coins, which means it has high inflation (20% a year right now). Also, Ethereum uses A LOT of disk space, over 1GB is added every month.
- gcp 9y agoStoring the entire state history isn't really needed though. I'm not sure how much inflation is a concern given the volatile exchange rate of any coin. It can't arbitrarily change either, so it's not quite like fiat money.
- um_ya 9y agoTo put it into perspective, the USD has an inflation rate of 2% a year, according to the feds target.
- ricw 9y agoFor 2017 it is 14.75% [1]. The bigger question is to what it may change in the future. Vitalik has stated that it will be lower / closer to zero, but who knows. The only given is that it will change. [1] https://ethereum.stackexchange.com/questions/12501/what-is-ethereums-inflation-rate-how-quickly-will-new-ether-be-created https://ethereum.stackexchange.com/questions/12501/what-is-e... Updated typo: 14.75%, not 1475..
- gcp 9y agoYou made a typo and are off by a factor of 100.