Aside from DeFi, the debate about Ethereum's current circulating supply has been the most-discussed topic on Crypto Twitter over recent days.<\/p>\n
After Kraken's<\/a> Pierre Rochard<\/a> and a few other Bitcoiners asked if there is a consensus about how many of the second-largest cryptocurrency there are in existence<\/a>, a debate ensued. Ethereum proponents cited data sources like Etherscan to get an answer while Bitcoiners noted that those numbers needed to be verified with an archival node.<\/p>\n There has been much support behind both sides of the debate, but prominent blockchain educator Andreas Antonopoulos<\/a> says that the situation is “silly” and is no better than Peter Schiff and\/or Nouriel Roubini<\/a> bashing Bitcoin with baseless comments and generic assertions.<\/p>\n Antonopoulos made a case for his sentiment in an extensive Twitter thread published<\/a> Aug. 10.<\/p>\n Firstly, Antonopoulos first pointed out that solely relying on block explorers like Etherscan for blockchain information is a poor idea due to the “limited view” these platforms provide at the end of the day. This applies to block explorers for Bitcoin, Ethereum, or any other blockchain, he added.<\/p>\n “First of all a block explorer is a very limited view of any blockchain. These are user-interface tools that abstract important details and translate them for the user's benefit. They each have a point-of-view that is the result of their data collection and analysis methodology,” Antonopoulos explained.<\/p><\/blockquote>\n This whole "what is ETH supply" thing is a silly gotcha that doesn't make much sense if you understand how Ethereum works. It's no better than the silly gotchas Schiff and Roubini level at bitcoin. <\/p>\n We can do better. Let's look at the details…<\/p>\n 1\/<\/p>\n — Andreas \u262e ? \u269b \u2696 ? ? ? ? ? ? (@aantonop) August 10, 2020<\/a><\/p><\/blockquote>\nEthereum supply debate is a “silly gotcha”: Andreas Antonopoulos<\/h2>\n
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