06-14-2016, 07:26 PM
Ethereum scares me. I want but don't want. The mining inflation rate for PoW sounds retarded. When it ends and they switch to PoS, it is supposed to increase by 10% per year. I keep getting different numbers on the real inflation rate and they all sound crappy. I think one of them said bitcoin will have an additional 38% inflation over the next 20 years. But then it practically stops. Ethereum by comparison is going to go up 1800% over the next 20. And I don't think it stops there.
Ethereum current supply is already at 89m in 1 year. Bitcoin is at 14m over 7 years?
A lot of money is going to need to keep pouring in to keep eth floating, I'd think.
The end game for all of this I think is replacing middleman bankers in as many sectors of banking as possible.