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> Creating a new coin or forking doesn't solve anything, they would be alone and it wouldn't have any value if nobody wants to trade in. Well, is the point of
by adwhit 9y ago
> Creating a new coin or forking doesn't solve anything, they would be alone and it wouldn't have any value if nobody wants to trade in.
Well, is the point of Ethereum to make some cash at the expense of later investors (basically a Ponzi scheme), or does the platform have some intrinsic value? Point is, the platform itself can be duplicated at little cost (it's an open source project after all, just fork it), so the cost to the (new) user should be low (or more importantly, stable), even if the value proposition is high.
This logic leads me to conclude that almost all the value of Ether is purely speculative and could disappear at any time.
- cslarson 9y agoThe software can be duplicated but the network of devs, users, validators, etc is harder to duplicate. The intrinsic value of ETH is to use it to pay for transactions on the Ethereum platform. These transactions are used to form dApps that can be run without censorship. I would have said the value of that is TBD but now I'd stay that some minimum value has been determined (ICOs, DAOs, the Dai system, games, etc.)