Aside from DeFi, the debate about Ethereum's current circulating supply has been the most-discussed topic on Crypto Twitter over recent days.
There has been much support behind both sides of the debate, but prominent blockchain educator Andreas Antonopoulos says that the situation is "Silly" and is no better than Peter Schiff and/or Nouriel Roubini bashing Bitcoin with baseless comments and generic assertions.
Ethereum supply debate is a "Silly gotcha": Andreas Antonopoulos.
Antonopoulos made a case for his sentiment in an extensive Twitter thread published Aug. 10.
Firstly, Antonopoulos first pointed out that solely relying on block explorers like Etherscan for blockchain information is a poor idea due to the "Limited view" these platforms provide at the end of the day.
"First of all a block explorer is a very limited view of any blockchain. These are user-interface tools that abstract important details and translate them for the user's benefit. They each have a point-of-view that is the result of their data collection and analysis methodology," Antonopoulos explained.
It's no better than the silly gotchas Schiff and Roubini level at bitcoin.
As Antonopoulos explained, Ethereum has what is known as "Burn addresses," where coins can be sent that can never be retrieved.
"Therefore, your methoology for calculating ETH supply will determine your answer. The exact timing of your question will determine your answer and it will change every 15-30 seconds. Whether you count burned ETH will determine your answer," Antonopoulos explained.
Despite the rebuttal by Antonopoulos, the debate is not over yet.
Debate about Ethereum's supply is no better than Roubini bashing Bitcoin: Andreas Antonopoulos
Published on Aug 12, 2020
by Cryptoslate | Published on Coinage
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