Don’t Trust. Verify.

  • Pierre Rochard asked an Ethereum fan if they knew the total ETH supply
  • Ethereum fan basically said, “Yes of course, I know the supply. Check Etherscan.” (Etherscan, being an Ethereum block explorer)
  • It becomes apparent this person did not check independently using their own node
  • Pierre starts asking other ETH fans for the total ETH supply
  • It becomes apparent no one knows the total ETH supply
  • ETH block explorers have discrepancies as to what the ETH supply is too
  • Pierre starts a bounty for a verification script
  • A separate ETH fan writes one, but has bugs that lead to incorrect(?) ETH supply
  • Vitalik tweets a screenshot of Coinmarketcap’s total ETH supply as proof
  • Days go by
  • Lots of negativity from Ethereum promoters over this
  • ETH fans saying “ETH supply doesn’t even matter” start to appear
  • Finally one Ethereum node implementation has what appears to be a proper verification script, but that node is used by ~no one
  • This is where we stand as of writing

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