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by cryptoegorophy 507 days ago
What I don’t like about eth is when you think extremes and I mean 10000x supply growth of eth or 99.9999% burn all of these are possible scenarios which is not a good idea. Remember how eth forked to save someone’s crypto? Basically defeating the whole idea of crypto currency. Bitcoin on the other hand - hardcoded, meaning supply can’t change.
2 comments

ETH's supply growth without the burn maxes out at about 2% annually, in the case of almost the entire supply being staked. That's still less than major fiat currencies. Its current growth rate is less than Bitcoin's.

For the burn to be so extreme, the demand for transaction space would have to be much greater than the space available. Since they're also making large improvements to scaling, with the roadmap going to millions of transactions per second and the hardest parts already done, that also seems unlikely.

As for the infamous fork, that happened in Ethereum's first year and it didn't change the ETH supply. Nothing like it has happened in the nine years since. Bitcoin forked when it was eighteen months old, and that actually did change the Bitcoin supply.

There are several serious forks of BTC. The fact that they haven't overtaken the original entirely doesn't make it a good example