Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
... more than a million new ETH's per month, no?
Limited quantity: Achilles' heel of Bitcoiners.
Like a stuck gate on a chip, a stripped tooth on a steering rack, a pinprick in a child's balloon... so small, so seemingly minor, insignificant, but BLAM! Poverty, ruined lives, degradation, street urchins pointing fingers and jeering... All because the Beanie notion of "value through artificial scarcity"
BBin - you are pretty good at attempting to make a simple idea more complex than it needs to be.
I don't claim to know everything about ETH, but I have seen reports showing that there is a pretty high level of ETH creation (something like what I said, 1 million per month). Also, there is some uncertainty regarding the total quantity of ETH that will be in existence (because unlike bitcoin, ETH retains a considerable amount of centralization in which the total quantity can be changed by stake holders).
I guess in essence, I am suggesting that BTC has a greater value that ETH because of there is more certainty with BTC regarding how many will ever be in existence and the mining of BTC. Furthermore, I am also suggesting that BTC is more valuable that ETH because there is more certainty regarding its decentralization (BTC is much more difficult to change material terms, therefore, that should make BTC more valuable and less capable of manipulation by a small group of people).