Quote from: Muzika on January 20, 2019, 04:06:00 PM

Quote from: Altcoinboss on January 16, 2019, 07:30:58 AM

I learnt that the ethereum fork will bring about reduction in reward per block for miners from 3ETH to 2ETH thereby causing Ethereum to be scarce.

My question is will the scarcity bring about signifant increase in price?

it is not about the scarcity of eth because of fork, as you can remember if you were in the industry long period ago,bitcoin also has fork and now the price is too low, it is about the demand of the people and the help of investors.

The cut in the block reward is only part of the reason why people are excited about the upcoming fork but is definitely one of the most important points, the supply of a coin is critical, despite the huge step forward that bitcoin meant for the world one factor that makes it incredibly valuable is its scarcity, we know there are a limited number of coins and we know the developers will never allow any change in the supply and to me ethereum is doing the right thing by decreasing the block reward and I hope that at some point in the future they establish a limit to the number of coins which will be created.