This is great and all, but my concern with ETH is that there is no total cap of coins. Which 'can' potentially lead to the same prediciment that the 'FED' is in now.
Big biz is about whats good for themselves not the comunity.
Just so you know I am not anti-ETH as I have decent positions in this myself. Just a concern of mine. I would love to hear peoples thoughts on this.
alhoppo
yea exactly what I thought too. There are tons of applications in the works which essentially replace everything from amazon to wikipedia and intend to close that "one big company owns everything", now if they start the same thing they did with Fiat (which they surely will attempt to) we have the same issues again. 1% greedy and corrupt people and the rest can see what they eat and live with <.<
We surely have to prevent this from happening again.
We need to take back our control and work as a community sharing everything that should be considered public. Right now we're scammed each day by the richest on this planet, they take everything they can without thinking of the consequences and these in turn are for everyone again.
Look at the difficulty of mining. In the future, the increase in coins will be minimal.
Yes, but if we take the difficulty of bitcoin mining as an example there are a few prominent major miners which control 'most' of the mining. Sure the release of coins will be less but it still has the potential in the future as miners will get stonger etc.