https://ift.tt/yz7hS0c Vs. Bitcoin: Scarcity, Productivity, Sustainability | CryptoGazette

There’s an interesting thread on Twitter, addressing some of the most important features that the two biggest market cap digital assets have. Check out a part of this interesting thread below.

Someone hopped in the comments and asked: “What will the ETH supply be in 3, 6, 12 months? What about in 3, 10, 20 years? I can’t predict ETH supply in the future any more than I could predict the supply in USD fiat over that time. I can tell you the Bitcoin supply with good accuracy over any of those timeframes.”

Another follower said this: “No one knows because it will depend on network usage. What will be the Bitcoin supply if in the future almost nobody uses the network for transacting BTC like it happens today? It won’t be 21M since it would make the network insecure.”

Someone else said: “L2’s will reduce fees per transaction but will compete against each other for blockspace in Ethereum by sending rollups to L1 It’s expected that lower fees in L2s create induced demand, so total fees in L1 may be similar to now but it’s something we can’t know for sure.”

At the moment of writing this article, BTC and ETH are trading in the red on CMC.

What’s the latest in the crypto space

The UK’s Financial Conduct Authority said that all currently operating crypto ATMs have to be shut down in the country immediately.

Check out the latest reports coming from the country below.

The FCA noted in a new warning on Thursday that no crypto asset firms in the UK have been approved to offer crypto ATM services.

It’s also important to note the fact that digital asset ATMs have to be registered and comply with the country’s anti-money laundering regulations.