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@LynAlden 1726259584

Back when ETH did the change to its money supply algorithm to be deflationary, a lot of people correctly pointed out that they can just change it again.

And they did, so now it's back to having a similar supply distribution rate as bitcoin, but with fewer reasons for anyone to want to hold it long term relative to bitcoin, and with more competition nipping at its heels than bitcoin.

4518❤️108🤙21❤️5♥️1🎉1👀1

What is the link page that shows this ETH supply compared to BTC? Thanks

𝖋𝖎𝖆𝖙𝖉𝖊𝖓𝖎𝖊𝖗 (¯`◕‿◕´¯) · 86w

What did they change?

They decided to change it again? 🤣🫣🫡

Looking forward to our lost brothers coming home to Bitcoin. They've done some wonderful brainstorming and testing on ponzi test chains

shortwavesurfer2009 · 86w

money printer go brrrrrr

Corrado Alvaro · 86w

Etherium is still a thing?

PostWarCards · 86w

The world’s computer …

The case for eth just seems to be fleeting by the day I wonder where it would be at it if didn’t have institutions like Coinbase or circle propping it up when it also really seems like they don’t even know what to do with it

💯 And still not even fully implemented either, the copium for “Ultra Sound Money” is not even a joke…😬

takinbrrrr · 86w

With this change, the question any rational altcoiner should be asking themselves is why would you want a knock-off Bitcoin?

Mark Puddleglum · 86w

I don't think that quite represents what the addition of blobs did to the issuance/burn rate. I don't believe the fundamental design changed. What changed was the demand for blockspace.

Shitcoins like eth are undoubtedly casino chips, the question is: will they continue to lose steam over time for those who want to visit the casino.

The Bitcoin Sovereign · 86w

ETH is shit always will be shit. If you’re ever in Florida for a meet hopefully I get your book signed by you. I think your the 🐐!

helpfuljoe · 86w

I said this back then too… to myself… but totally agree. I have been saying… to myself… since the merge… that ETH will get flipped by another more centralized PoS network with lower fees because… if I’m (not me) going to use a centralized network, why bother with high fees and layers?

BitcoinProphet · 86w

Yea I think the biggest issue here is the ability to change the issuance at all or at the whim of individuals. Seems likely that eventually people will vote to do what's best for themselves which seems like anything that would allow the largest stakers to accrue the most tokens which will lead to br...

Josef Tětek · 86w

Beautiful to see

lol "Let's keep changing the rules" "why doesn't anyone trust us?

Buying is always easy, selling back is super hard. You always think it's going to recover. At some point I said, ok it's done, once it pass 0.07 again, half of ATH, I start selling, I said to my self as long as it stays above 0.07 I sell little by little to do some kind of DCA (ETH against BTC) unti...

ETH is just a gas

ETH is the shitcoining time thermostat, and maybe a testnet for Bitcoin

dsmithbtti · 86w

Key point - they can just change it again

https://blossom.oxtr.dev/a4a70878d88ad21ecc38e8111208772c5785c0c7e5bdbf329a9f3a83e052b8cd.jpeg

Bitcoiner Post · 86w

$125 in wallet fees, gas fees and slippage to move $1 is a non-starter. Even then, it lacks the essential elements that make Bitcoin King forever.

celestal · 86w

Ultrasound money of which supply schedule is subject to change - whoever doesn't realize what's wrong with that sentence deserves the consequenses.

It has another problem now. With activities migrating to l2s, the native token of the base layer has no clear use case. It isn't exactly money, and with dwindling activity on the l1 it isn't in particular demand as digital oil either. Add in that there is no staking yield if you buy it through the E...

RomanHodl · 86w

it is way worse than that Lyn. ETH doesn't have halvings. At current rate of supply growth, ETH outsanding will 10x in 200 years. people haven't run the numbers

Ken Berry, MD · 86w

Valid and worrisome.

PRIMALStacker · 86w

It’s true that Ethereum’s supply changes highlight the flexibility of its protocol, but that flexibility is a double-edged sword. It can also raise concerns about long-term stability and predictability, especially compared to Bitcoin’s fixed supply. Competition in the smart contract space is i...

The real prophet Muhhammed who invented islam aka False Idol #1 · 86w

Im more worried about the hoards of people shouting "ETH DEVS WOULD NEVER DO THAT" than the ETH devs themselves at this point