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1: Fixed supply Eth supply is unknown, while BTC supply is capped at 21 Million. Having a capped supply is a core value in the Bitcoin story. In the ETH story,
by ArtTimeInvestor 2y ago
1: Fixed supply
Eth supply is unknown, while BTC supply is capped at 21 Million. Having a capped supply is a core value in the Bitcoin story. In the ETH story, it is not. ETH supply is changing every couple of years in unpredictable ways.
2: Better decentralization
Proof of work means that every person/company/country can start acquiring Bitcoin without permission of the owners that already hold Bitcoin. As everyone can start mining Bitcoin. With proof of stake as it is used by Ethereum, a new investor needs to acquire ETH from the current holders.
POW also drives mining to many different places, as it goes to where there are still underutilized sources of power.
- tromp 2y agoI think fixed supply is overrated: https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153 https://john-tromp.medium.com/a-case-for-using-soft-total-su...
- npoc 2y agoEconomic value = demand / supply Not only that but demand increases the more capped the supply is, due to the incentive of less dilution of economic value through supply increase.