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Author Topic: Unlimited total supply of ETH: advantages or disadvantages?  (Read 4232 times)

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Unlimited total supply of ETH: advantages or disadvantages?
« on: March 09, 2021, 11:14:28 AM »
We know that in the crypto world, not every coin or token has a limited total supply.
DOGE & ETH are 2 of them. If the value of DOGE is said to be low-capped by unlimited total supply, then ETH is hailed and is the largest altcoin in the entire market. Why?


Advantages of unlimited total supply:
+Limiting the token price being pushed too high, which make ETH be not suitable to be used in payment;
+The essence is very similar to fiat, maintaining the network's rewards & ensuring the safety of Ethereum blockchain.

Disadvantages of unlimited total supply: reduced scarcity, high inflation rate, limited token appreciation. This is the reason many people dislike Ethereum.

However, with EIP-2878 & especially EIP-1559 coming in July this year after London hardfork, a portion of the ETH fee will be burned, about 1 million ETH per year, will contribute to reducing supply. At the same time a large amount of ETH is in the staking pool also reduces the available supply on the market, increasing the scarcity. So the price of ETH will be guaranteed. But these EIPs are also experiencing resistance from miners as their income is affected. The Ethereum blockchain also faces a hard fork if people are unable to reach consensus.

Having unlimited total supply also helps ETH prevent in the future people will just accumulate ETH instead of using it, thus ETH's tokenomics won't collapse.

What do you think about this? Do you like the unlimited total supply of ETH? And how do you think it will affect to ETH price in the future?
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Unlimited total supply of ETH: advantages or disadvantages?
« on: March 09, 2021, 11:14:28 AM »

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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #1 on: March 09, 2021, 11:25:46 AM »
For me, a coin/token with an unlimited total supply is a disadvantage. Not only do we have to fight volatility, we also have to fight inflation, and those are two very negative points in cryptocurrencies. I can understand that there are very high supplies, with billions of tokens, they can always be burned, also those with an unlimited supply can be burned, but from the beginning, I don't like the feeling they give. Also, now Ethereum has to fight its high transaction fees, if we put it all together it seems crazy to me.
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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #2 on: March 13, 2021, 04:36:13 PM »
For me, a coin/token with an unlimited total supply is a disadvantage. Not only do we have to fight volatility, we also have to fight inflation, and those are two very negative points in cryptocurrencies. I can understand that there are very high supplies, with billions of tokens, they can always be burned, also those with an unlimited supply can be burned, but from the beginning, I don't like the feeling they give. Also, now Ethereum has to fight its high transaction fees, if we put it all together it seems crazy to me.
I think when Vitalik Buterin created ETH, he thought of the big problem, that it would be terrible if the number of coin/token was not enough for the ownership and use of everyone in the community. At that time, the token price will increase very high, holders will continue to hold their coin/token and the liquidity of tokenomics will be broken. That will kill the coin/token.
The problem of infinite supply: infinite supply in an infinite time, but at a given time, good control of the new supply & the rate of burning tokens will help token price to be supported.
Transaction cost issue: Layer-2 solutions are being implemented, I believe it will increase the speed of Ethereum to 100x, i.e. 1500 tps.
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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #3 on: March 13, 2021, 04:54:57 PM »
For me, a coin/token with an unlimited total supply is a disadvantage. Not only do we have to fight volatility, we also have to fight inflation, and those are two very negative points in cryptocurrencies. I can understand that there are very high supplies, with billions of tokens, they can always be burned, also those with an unlimited supply can be burned, but from the beginning, I don't like the feeling they give. Also, now Ethereum has to fight its high transaction fees, if we put it all together it seems crazy to me.
I think when Vitalik Buterin created ETH, he thought of the big problem, that it would be terrible if the number of coin/token was not enough for the ownership and use of everyone in the community. At that time, the token price will increase very high, holders will continue to hold their coin/token and the liquidity of tokenomics will be broken. That will kill the coin/token.
The problem of infinite supply: infinite supply in an infinite time, but at a given time, good control of the new supply & the rate of burning tokens will help token price to be supported.
Transaction cost issue: Layer-2 solutions are being implemented, I believe it will increase the speed of Ethereum to 100x, i.e. 1500 tps.

I think that at this moment Ethereum should not only face its infinite supply, Ethereum also has to deal with the problem of high transaction fees, which can continue to grow as the demand for Ethereum grows, and also with the "exit" of projects and users to other cheaper and faster chains. I think those are some of the problems Ethereum should fix as quickly as possible to prevent it from getting worse.
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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #4 on: March 13, 2021, 11:48:19 PM »
Fortunately Ethereum is one of Altcoins who are very trusted as the best Altcoin and Worthy. Therefore, the absence of supply does not make the altcoin price this one becomes ash. Here is about value, not just supply. But if the supply is little, it will be even higher. ...

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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #5 on: March 18, 2021, 04:09:13 PM »
You have created a very informative post. I hope you will share this post more and more with us because we may not all know about this form so it is very useful for those who don't know and much more. So I benefited a lot from getting this valuable post of yours.

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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #6 on: March 20, 2021, 12:35:18 PM »
Among all the altcoisn, there must be a lot that creates coins, there is a limited supply and that maybe they want the price of the coin to be expensive.
But Ethereum has its own characteristics with an unlimited supply of coins so it will be unique.
Ethereum no longer needs to change to what people want but people are looking for Ethereum even though the coal supply is unlimited.
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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #6 on: March 20, 2021, 12:35:18 PM »


Offline atjiat

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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #7 on: March 20, 2021, 05:30:52 PM »
of course, I would very much like Ethereum to have a specific number of coins, like bitcoins. but as of today, the Ethereum team is solving this problem by burning transaction fees. according to some reports, there will be slightly more Ethereum lit than miners will mine. Thus, this situation will benefit Ethereum and constantly reduce its supply in the market.

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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #8 on: March 20, 2021, 07:43:27 PM »
The problems of high transaction fees are created by the high demand for Ethereum. Could those problems be solved if Ethereum had a limited total supply?. I've been asking myself that question for several days, but I can't find an answer. What I am clear about is that Ethereum should have a limited total supply, I don't see any sense or need.
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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #9 on: March 20, 2021, 09:21:02 PM »
It would have been a disadvantage to eth but I think that's already too late now,  with an infinity supply eth still managed to go this high which bring me back to the question "is eth overpriced? Many coins with less supply are not finding it easy to move in price much as very limited supply coins, but surprisingly eth with its humongous supply is very high in price, how about that?

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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #10 on: March 29, 2021, 12:22:26 PM »
Of course for me unlimited total supply of ethereum will so good for us because  it will be the one of the bounty  trusting of ethereum to exchange if there is a chance to make many tokens get in the project and as soon as possible it easy to convert into and ethereum because of huge supply in the market.
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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #11 on: March 31, 2021, 08:07:09 AM »
~ then ETH is hailed and is the largest altcoin in the entire market. Why?
Smart contracts and high fees interacting with them. People are forced to buy more ETH to use any Ethereum based products successfully.

Advantages of unlimited total supply:
+Limiting the token price being pushed too high, which make ETH be not suitable to be used in payment;
Perhaps you mean suitable? I don't know how being not suitable for payment is an advantage. That would also compliment the not being pushed too high.

The problems of high transaction fees are created by the high demand for Ethereum. Could those problems be solved if Ethereum had a limited total supply?. I've been asking myself that question for several days, but I can't find an answer. What I am clear about is that Ethereum should have a limited total supply, I don't see any sense or need.
You are connecting the demand to buy ETH as an investment asset (HODL) because of limited supply with the demand in using ETH as gas fees (SPEND) to interact with smart contracts. Those two are different.

It would have been a disadvantage to eth but I think that's already too late now,  with an infinity supply eth still managed to go this high which bring me back to the question "is eth overpriced? Many coins with less supply are not finding it easy to move in price much as very limited supply coins, but surprisingly eth with its humongous supply is very high in price, how about that?
Like I said above, it's the smart contracts and high fees that pushed ETH's price. 

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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #12 on: March 31, 2021, 09:41:50 PM »
We know that in the crypto world, not every coin or token has a limited total supply.
DOGE & ETH are 2 of them. If the value of DOGE is said to be low-capped by unlimited total supply, then ETH is hailed and is the largest altcoin in the entire market. Why?


Advantages of unlimited total supply:
+Limiting the token price being pushed too high, which make ETH be not suitable to be used in payment;
+The essence is very similar to fiat, maintaining the network's rewards & ensuring the safety of Ethereum blockchain.

Disadvantages of unlimited total supply: reduced scarcity, high inflation rate, limited token appreciation. This is the reason many people dislike Ethereum.

However, with EIP-2878 & especially EIP-1559 coming in July this year after London hardfork, a portion of the ETH fee will be burned, about 1 million ETH per year, will contribute to reducing supply. At the same time a large amount of ETH is in the staking pool also reduces the available supply on the market, increasing the scarcity. So the price of ETH will be guaranteed. But these EIPs are also experiencing resistance from miners as their income is affected. The Ethereum blockchain also faces a hard fork if people are unable to reach consensus.

Having unlimited total supply also helps ETH prevent in the future people will just accumulate ETH instead of using it, thus ETH's tokenomics won't collapse.

What do you think about this? Do you like the unlimited total supply of ETH? And how do you think it will affect to ETH price in the future?
Thank you very much brother for sharing an informative post with us. You have discussed a very important topic. Currently Ethereum's Advantage and Thank you so much for sharing your nice and informative post with everyone.
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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #13 on: March 31, 2021, 11:58:00 PM »
I don't think the unlimited supply is an advantage. It is bad news for the holders because will be too many coins on the market. I really don't expect to see the coin with an unlimited supply. I guess what you saw, it is just a bug on the site. How can there is no limit of the supply, it is impossible.
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Re: Unlimited total supply of ETH: advantages or disadvantages?
« Reply #14 on: April 05, 2021, 06:04:37 AM »
You have created a very informative post Everything has its ups and downs Etherium is now a very popular coin in the cryptocurrency world.Investors around the world The eyes are now on Ethereum and Bitcoin.The downside of Etherium is the extra transaction fees.Now this transaction fee has increased a lot.Everyone is suffering from the problem.

 

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