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/biz/ - Business & Finance

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8508659 No.8508659 [Reply] [Original]

I just realized that ETH has infinite supply.

What give it intrinsic (at least crypto intrinsic) value? Kitties? Ponzi?

>> No.8508678

If demand is higher than inflation the price will continue to rise.

>> No.8508683

>falling for the russian buterbux meme

>> No.8508721

Congrats. You found the scam. They can also bailout and censor to their liking.

>> No.8508730

Massive demand from ICOs

>> No.8508829

>>8508659
Difficulty increases control the money supply. ETH isn't like 99% of shit erc20 tokens which can just be minted infinitely by their creators.

>> No.8509257

>>8508659
After PoS, ETH inflation should match natural deflation (from gas burns, people forgetting wallet keys, etc.). I think an estimate of the target supply at that point was 100 million?

The real question you should be asking is, since ETH is divisible to 18 decimal places (10 more than BTC), what is the maximum value it could achieve while still being used for Internet-of-Things styled microtransacations?

>> No.8509871

The wonderboy Vitalik

>> No.8510063
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8510063

>>8508659
It's OK anon... there's still time.

>> No.8510095

Is ETH going to make it guys? 95% of projects are panjeet, Russian, and Chinese scams. I fear it will all come crashing down one day.