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In the cryptocurrency community, disputes over the issue of Ethereum have again flared up

Since 2015, the debate around the limit of issued Ethereum coins has found a new breath after the release of a script by MakerDao developer Marc-Andre Dumas, which displays the size of the issue of the second-largest cryptocurrency by capitalization.

Initially, Dumas reported 112.43 million coins, but later clarified the estimate to 112.093 million, which reduced the difference with data from Etherscan to 3 ETH.

Other resources, such as Messari, Coinmetrics, Coingecko, and Blockchain, had a different value.

Answering a question about why there is such a discrepancy, Ethereum co-founder Vitalik Buterin suggested that some blockchain observers exclude coins that were "burned" in the framework of smart contracts from the calculation. Other resources, in his opinion, are "too lazy"for this.

Unlike Ethereum, bitcoin holders can not rely on data from blockchain browsers and get the desired value by calling the bitcoin-cli command in the full node client.

The discrepancy in data on the ETH issue is expected to cause criticism from bitcoin maximalists. Among them was even one of the top managers of the Visa payment network. He defined Ethereum as an average between bitcoin with its constant emission and the dollar, where it is not limited.

Against the background of active discussion of the true issue of ETH, Vitalik Buterin gave a graph with transaction fees for the last two months. According to him, they were very high, but after the activation of EIP-1559, the rewards from betting in such cases can be completely leveled. EIP-1559 assumes that part of the funds collected in the form of commissions will be destroyed, and this, accordingly, will limit inflation.

Another discussion was launched by Blockstream's strategic Director, Samson MoE. He questioned whether limiting the issue is a security flaw in the blockchain. Buterin answered in the affirmative, noting that this mechanism will not allow for guaranteed remuneration.

According to the co-founder of Ethereum, the correct way is to minimize the issue of coins with the adoption of EIP-1559. This way you can achieve a minimum level of network security.

When asked what this minimum value is, Buterin retorted that it is a matter of intuition. He made it clear that this is how the Creator of bitcoin Satoshi Nakamoto determined the issue, halving period and block size. Accordingly, the limit of the gas limit in the Ethereum network is also intuitively calculated.

Morgan Creek Digital co-founder Anthony Pompliano also joined the debate. He called the lack of a clear value of the Ethereum issue a big problem. According to Pompliano, this does not allow ETH to be considered "good money".

Pompliano explained that he adheres to this position, because he does not support the message "Ethereum is money".

Discussions on the topic of limiting the issue of the second cryptocurrency have been held for several years. Ethereum co-founder Vitalik Buterin predicted in 2016 that the number of ETH in the foreseeable future will not exceed 100 million coins. Subsequently, he published a new proposal to improve Ethereum (EIP), where he raised this bar to 120 million.

In may this year, Buterin announced an expected reduction in the annual issue of Ethereum from the current 4.7 million coins to the corridor of 100,000-2 million after switching to the Proof-of-Stake consensus algorithm.

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