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Given that Ethereum is open source, the real value comes from their ecosystem (broadly defined). What if Microsoft branched Ethereum and created MicroCoins, an
by nugget 9y ago
Given that Ethereum is open source, the real value comes from their ecosystem (broadly defined).
What if Microsoft branched Ethereum and created MicroCoins, and moved a few hundred developers and researchers from Microsoft Research onto the project, and then created incentives to rapidly scale up miners and other parts of the ecosystem. Would they create $xx billion in value?
Crypto prices could continue to rise, and since I own a few coins and tokens for fun, I guess I should hope they do. But I've never understood how valuations so high can be supported given the relatively low barriers to entry (relative to multi-billion dollar valuations). I'd define myself as soft skeptic - I acknowledge I could be wrong and undervaluing first-mover advantage. I just don't understand how or why.