What's Veeky Forums's take on Ether? Will it topple the BitCoin once the fork will happen, both coins go to shit because there's no hard investment focus on either one, and Ether takes the place on the market in terms of value?
Ethereum
Nathan Fisher
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Jaxson Fisher
>Will it topple the BitCoin once the fork will happen
lol sure
Jackson Cox
It's going to stay at the same ratio.
Isaac Edwards
Hardly. It's been oscilating recently towards the same price because it's pegged to BTC and that is currently unstable, until after the fork happens. After that there's a potential for it to become number 1
Matthew Rivera
eth is a mess
Isaiah Brown
yeah bro do it, ALL IN ON ETH
Nathaniel Perez
>Le it's a scam meme
Friendly reminder this was exactly what people said of BTC back in the early days
Elijah Torres
dat logic
Christian King
Look at the points being made in the picture.
90+ million ETH in circulation, no cap on how much ETH will be created and about 10 million ETH created every year from mining. Coin only has been around for 3 years so 60 million ETH belong to your emperor and his investors.
Just from an inflation point of view, I wouldn't touch ETH at all from a long perspective. Only reason I'd buy into ETH is to make a quick buck from idiots like you and sell within a month at the longest.
The only thing smart contracts have done is create a shit load of ICO scams, pissing off the SEC. On top of that you have $30 million worth of ETH stolen in the past month and a ETH community forked once so investors can get their money back. All this within the past 2 years. The "enterprise Ethereum alliance" is a marketing thing if you haven't noticed.
Even from ETH's website:
Ethereum would never be possible without bitcoin—both the technology and the currency—and we see ourselves not as a competing currency but as complementary within the digital ecosystem. Ether is to be treated as "crypto-fuel", a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else.
> Ether is to be treated as "crypto-fuel", a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else.
> NOT
> INTENDED
> TO
> BE
> USED
> AS
> A
> CURRENCY
> ASSET
> SHARE
> OR
> ANYTHING
> ELSE
Please keep buying, thanks.
Logan Edwards
Of course it's not intended to be a currency now, because it wouldn't and can't compete with BitCoin. But once BTC goes out the window, from all the other gagillion altcoins on the market, Ether is by far the most volatile and worth the investment.