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If you don't mind me asking, what's the situation with Ethereum 2 and Polkadot in terms of maximum supply? (i.e. if bitcoin is 21M max, what about these other
by javert 6y ago
If you don't mind me asking, what's the situation with Ethereum 2 and Polkadot in terms of maximum supply?
(i.e. if bitcoin is 21M max, what about these other two? I'm pretty sure they don't have a cap, but what's the inflation schedule/regime?)
Personally I view the supply cap as the killer feature for bitcoin, which is why I'm asking.
- ilaksh 6y agoI think they were talking about a few million a year for Ethereum issuance. Don't really know anything about Polkadot. Personally I think the idea that a fixed supply solves everything is an oversimplification. I mean if you want digital gold then sure. But if you want lots of everyday transactions I am not sure it can work.
- javert 6y agoWell, a fixed supply yields better monetary properties, which people are likely to value. I don't really think a cryptocurrency can win in the transaction niche without also winning in the store of value niche. I think it's a winner take all situation. As a separate point, I don't know if Ethereum or Polkadot really can scale to meet the world's needs (I'm skeptical), but any cryptocurrency can scale arbitrarily if you use offchain intermediaries (e.g. like PayPal) for small transactions.