Ethereum founder Vitalik Buterin pointed out that 40 million fewer Ether were mined today than expected five years ago.
Vitalik Buterin tweeted that Ether (ETH) supply today is 40 million fewer than estimated in the original white paper. Therefore, he stated that it is meaningless to further claim the theory that Ethereum was ruled by inflationary technocrats.
ETH supply that the whitepaper says we would have today: 150.8 million
Actual ETH supply today: 111.3 million
So please don't try to claim that ethereum is run by inflationist technocrats. pic.twitter.com/6CuPngDbHY
— vitalik.eth (@VitalikButerin) June 17, 2020
What Will Be The Development Of Ethereum?
The estimate made by Buterin predicted the supply after 5 years as 150.8 million Ether. However, real supply today is known as only 111.3 million. Inflation and deflation issues are always controversial for cryptocurrency enthusiasts because many believe that the alleged deflationary nature of the cryptocurrency is one of its main advantages over fiat currencies.
Although Buterin’s observation alone is interesting; the community was expected to compare the current Ethereum status to where it should be according to the plan.