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ETH for instance is used for fees in the decentralized economy (e.g. p2p lending/borrowing/investing/marketplaces). If demand for fees in the ethereum economy
by elevenoh 6y ago
ETH for instance is used for fees in the decentralized economy (e.g. p2p lending/borrowing/investing/marketplaces).
If demand for fees in the ethereum economy outpaces supply, the price is likely to rise.
https://cryptofees.info/ https://cryptofees.info/
Aside:
If I issue equity in my company, I'd do it directly on a decentralized network like Ethereum > IPO. I'd prefer to not have an underwriter like goldman sachs take 3%+ & manipulate retail investors.
- Spivak 6y agoI think your phrasing of "demand for fees" is kinda weird. Since it really comes down to "demand for validators" or "demand for compute resources on the ETH network." ETH's fundamental value is that it's the only form of payment accepted to use the eth network. It can and does have secondary value as a medium of exchange but that's what's at the bottom and the reason you need ETH opposed to something else.
- elevenoh 6y agoAgree that demand for network compute/validation is more accurate than 'demand for fees'. My error.