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Not true. There's a time bomb in the Ethereum protocol that makes mining more difficult over time. This slows the issuance (and the whole blockchain). During E
by vvillena 8y ago
Not true. There's a time bomb in the Ethereum protocol that makes mining more difficult over time. This slows the issuance (and the whole blockchain).
During Ethereum's life, the block reward has been reduced, and the time bomb has been delayed. This is in itself an example of how blockchains depend on an initial human consensus. The Ethereum Foundation is overseeing Ethereum's monetary policy, and the miners mostly approve of it. This is not a bad thing (decentralization != anarchy).
- jki275 8y agoThe time bomb has nothing to do with issuance. Its stated purpose is to force the chain to go to POS, but they simply fork it further in the future every time it comes up, and the miners can (and should, for their own profit) continue to do so forever.