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RE: ETH Burned! | Data On Daily ETH Burned And The Effect On ETH Inflation?

in LeoFinance2 years ago

How does this data account for all the ETH locked in the beacon chain and the fact that the complete supply isn't fully auditable no one can provide an accurate number on the circulating supply the data from etherscan is only one provider so how can anyone be sure of the numbers, let alone the math

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This sounds like a BTC maxi talke :) Although it has valid points.
Running full node on ETH is expensive and Infura is one of the few that does it .... ethscan is getting data from the Infura node.

lol you can label it what you want, but i'm just asking questions, and im getting no answers, even if you're running a pruned node/uncle you're still only getting an estimate since eth doesn't have a block height.

I don't regard eth as money so I guess this isn't a problem for users who want to speculate on it, but then whats the point of the blockchain? To hold immunutable estimates?

Not sure what's the end goal of your comment and point here ... I mentioned that it is a valid concern, the BTC vs ETH is a long and ongoing debate, I have no intention, abilities or understanding of resolving it here, or taking sides.

In my vague understanding, I see them as two different assets, BTC cant do everything and it is not trying to do everything, it is a very specific asset and for sure it deserve all the respect in the world for starting the whole thing. On the other side the market has show in the last 5 years that there is a demand for assets like ETH. Its personal decision what exposure do you want from each.