Seems like this topic has been discussed multiple times and I myself have written much about it, however.. Today, I want to talk about the Ethereum feature that many Bitcoin maximalists are getting butthurt about.
We constantly see Tweets like "1BTC = 1 BTC, but 1ETH = ???", because people always try to imply that the value of Ethereum is uncertain because of its unlimited supply. What's more, Bitcoin maximalists hate when ETH is considered valuable money.
Unlike Bitcoin, which has a hard cap max supply of 21m, Ethereum's circulating supply is 114,450,917, which is out of a maximum of infinity. It means that there is inflation built into Ethereum, which is the biggest complaint of all the Bitcoin maximalists and those who reject Ethereum as a currency and say that it can never be as pure as Bitcoin.
So, today we're going to dig up and understand whether Ethereum really has this inflation and how it impacts the Ethereum supply. To be more precise, we'll talk about ETH transition from inflationary model to deflationary, which means that ETH will have even a better monetary policy.
The way Ethereum upgrades itself and continues to grow is Ethereum Improvement Proposal or EIP. EIP #1559 submitted by Eric Conner is about to come in Q1 2021 and can potentially become one of the biggest proposals for a reason being called "the final piece of the puzzle in Ethereum's monetary policy
