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Home /News /NFTs & Web3

LOOT (For Adventurers): The Future or a Return to the Past?

Every day, every block, new Ethereum coins are produced. There is no theoretical maximum to the number that can be produced. At least not at the moment. 117,437,242 of them at the time of writing this script. If you’re a Bitcoin maxi, this is probably your most dependable stick for beating on Eth devotees. Inflation.…

By: Robin Schmidt • Loading...

Every day, every block, new Ethereum coins are produced. There is no theoretical maximum to the number that can be produced. At least not at the moment. 117,437,242 of them at the time of writing this script. If you’re a Bitcoin maxi, this is probably your most dependable stick for beating on Eth devotees. Inflation. But September 3rd, Eth went and forked Bitcoin’s memeable idea. It deflated. Under the EIP1559 update base fees are burned. For the first time, the burn outstripped the issuance. It was brief but it was real. It happened. Ultra sound money yo.

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