A debate arose about the possibility of Ethereum becoming hard money and ended up highlighting more downsides to the digital asset than anything else.
The founder of a Bitcoin investmentsCharles Edwards, shared a chart that showed the circulating supply activity of Ethereum and Bitcoin and argued that “Ethereum has entered the hard money game. For the past 3 months, Ethereum’s inflation rate has been lower than Bitcoin.”
Chart by Glassnode. Shared on Twitter
“Hard money is not only about low inflation of supply, it is also about immutability of inflation – oil is not suddely hard money even when OPEC decides that supply rates are throttled.”
-Twitter user @alpha_authority
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Hard Cash Or Hard Fees?
In the short history of the cryptocurrency boom, many have debated the possibility for cryptocurrencies to surpass fiat currencies at some point. It is a feasible future scenario for Bitcoin, but other digital coins can only dream of it.
As Investopedia explains, “Hard money maintains a stable market value relative to real goods and services and a strong exchange rate relative to foreign currencies,” and its uses involve “lower transaction costs and risks”
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In the case…
