Vitalik Buterin tweeted Today the supply of ether (ETH) is 40 million less than estimated in the original document. He believes this contradicts the theory that Ethereum is run by inflationary technocrats.

Buterin's Tweet of June 17, 2020

The supply of Ethereum is 40 million lower than originally expectedThe supply of Ethereum is 40 million lower than originally expected

Buterin’s tweet dated June 17th, 2020. Source: Twitter.

What about the development of Ethereum?

The estimate quoted by Buterin predicts a supply of 150.8 million ethers within five years. However, the actual power supply is only 111.3 million. Inflation and deflation problems are always controversial for cryptocurrency enthusiasts, as many believe that the supposed deflation of cryptocurrencies is one of their main advantages over their Fiat counterparts.

Although Buterin’s observation is interesting in itself, it would have been more insightful if he had also compared Ethereum’s current state to where he should agree to the plan.