Ethereum Issuance “Whatever It Needs To Be” For Security
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Ethereum co-founder Vitalik Buterin has confirmed his reasoning behind Ethereum’s issuance and the unlimited supply of coins.
In a Twitter exchange with Ethereum Classic fund creator Barry Silbert and cryptocurrency enthusiast Kalle Rosenbaum, Buterin said the issuance of ETH tokens “is whatever it needs to be to ensure reasonable [level] of security.”
Buterin continued that he considered the Ethereum camp had been “consistent” regarding issuance, as Rosenbaum reiterated the perspective that the altcoin’s intended purpose is not as a “money system.”
Ethereum has come under pressure in recent weeks as trading activity served to choke the network and create volatility.
The sheer popularity of ICOs using its Blockchain has also raised questions about Ethereum’s ultimate value, the number of tokens being uncapped with billions of dollars at stake.
Responding to Silbert, meanwhile, Buterin said that a future issuance rate for Ethereum could go “below 0%” once additional features became live.
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Thanks for these clarifications about ethereum ! Keep it up !!