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I wonder to what extent is the price rise a bubble, and to what extent it's valuation of the potential.

by t0mk 11y ago

jnpn 11y ago
Look at the full stock price history of any company which became very valuable, and you'll see bubbles and busts along the way. Whether the market's calculations of Ethereum's potential is correct remains to be seen, we'll have to see what gets built on it over the next few years.
davidgerard 11y ago
It was a pump'n'dump. Lots and lots of people on the Reddit bitcoin-related subs reported PM spam about Ethereum, for instance.
- vonklaus 11y ago
  Pump and dump the way you phrased it, seems to auggest the entire thing is a pump and dump scheme. Either way, the price fluctuates woldly as people try to do this scheme, but the company raised $15m and appears to be actively developing the tech. So whether it works(it appears promising) or not, they seem to be svidly trying
  - davidgerard 11y ago
    I'm speaking specifically of the price rise then fall in the last couple of weeks. The fundraiser, of course, was a pre-mined altcoin.
    - vonklaus 11y ago
      Interesting take. To summarize, you believe that speculators manipulate markets and prices decouple from value because self interested parties force it to communicate information incorrectly? Also, you point out that the announcement of the intention to premine ether ended up leading to the Ethereum project implementing a plan to premine ether and sell it at a known and predetermined rate? Riveting conclusion, surprised more people aren't talking about this. I for one don't buy into the "conspiracy theory" that our society is built on debt, and monetary and fiscal policy have been managed poorly such that capital can not be incentivized to loan. Instead, rates will penalize banks for not lending, as economists try to force staples like food and oil up to introduce inflation into the system as they have lost control on spending as well as flooring rate levels thus losing both measures to fix the problem. If that were true, it would be bad. All above was obvious satire

I wonder to what extent is the price rise a bubble, and to what extent it's valuation of the potential.

by t0mk 11y ago

I wonder to what extent is the price rise a bubble, and to what extent it's valuation of the potential.

jnpn 11y ago

Look at the full stock price history of any company which became very valuable, and you'll see bubbles and busts along the way. Whether the market's calculations of Ethereum's potential is correct remains to be seen, we'll have to see what gets built on it over the next few years.

davidgerard 11y ago

It was a pump'n'dump. Lots and lots of people on the Reddit bitcoin-related subs reported PM spam about Ethereum, for instance.

vonklaus 11y ago
Pump and dump the way you phrased it, seems to auggest the entire thing is a pump and dump scheme. Either way, the price fluctuates woldly as people try to do this scheme, but the company raised $15m and appears to be actively developing the tech. So whether it works(it appears promising) or not, they seem to be svidly trying
- davidgerard 11y ago
  I'm speaking specifically of the price rise then fall in the last couple of weeks. The fundraiser, of course, was a pre-mined altcoin.
  - vonklaus 11y ago
    Interesting take. To summarize, you believe that speculators manipulate markets and prices decouple from value because self interested parties force it to communicate information incorrectly? Also, you point out that the announcement of the intention to premine ether ended up leading to the Ethereum project implementing a plan to premine ether and sell it at a known and predetermined rate? Riveting conclusion, surprised more people aren't talking about this. I for one don't buy into the "conspiracy theory" that our society is built on debt, and monetary and fiscal policy have been managed poorly such that capital can not be incentivized to loan. Instead, rates will penalize banks for not lending, as economists try to force staples like food and oil up to introduce inflation into the system as they have lost control on spending as well as flooring rate levels thus losing both measures to fix the problem. If that were true, it would be bad. All above was obvious satire