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The "price" of two coins in terms of fiat currency is not comparable. It depends on the total supply. The current total supply of ETH is ~120M vs BTC's 21M. If
by abiogenesis 6y ago
The "price" of two coins in terms of fiat currency is not comparable. It depends on the total supply. The current total supply of ETH is ~120M vs BTC's 21M. If ETH was limited to, say, a total supply of 1000 coins the price would be astronomical.
Also ETH doesn't have an upper limit to the total supply, therefore its scarcity is not the same as BTC.
- Clewza313 6y agoSo if there was a cryptocurrency with only one coin, the value of that coin would be even more astronomical, right? https://en.wikipedia.org/wiki/OneCoin https://en.wikipedia.org/wiki/OneCoin
- abiogenesis 6y agoIf you can get people to buy/use it (like BTC, ETH, and countless others did), yes it would be. The number of coins is just a definition. Bitcoin has satoshis (similar to cents) that represent one millionth of a Bitcoin. You could have defined it such that Bitcoin is actually a single coin worth $1T, and BTC is 1/21,000,000th of it.