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?