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ETH - Ethereum


Malloy
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Sentiment Table  

9 members have voted

  1. 1. What's you sentiment for "short" term price (days or weeks)?

    • Bullish (up)
    • Neutral (wait/hold)
    • Bearish (down)
  2. 2. What's you sentiment for "mid" term price (weeks or months)?

    • Bullish (up)
    • Neutral (wait/hold)
    • Bearish (down)
  3. 3. What's you sentiment for "long" term price (months or years)?

    • Bullish (up)
    • Neutral (wait/hold)
    • Bearish (down)


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Website: https://www.ethereum.org/
CoinMarketCap: https://coinmarketcap.com/currencies/ethereum/
Status: Released
Asset: No

Buffett rules 

1-One that we can understand or Is this crypto cryptic or explainable to the avg Joe?
Ether is a necessary element -- a fuel -- for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources).

2-With favorable long-term prospects or Just a pumped well orchestrated scheme?
The Total Supply is not determine. They say there's a limit, but I couldn't find the info. If you look at CoinMarketCap, they don't list that number. "According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year. In theory if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key lost, death of holders etc) and there would reach an equilibrium."

3-Operated by honest and competent people or Can we know their names and see their face (at least)?
Vitalik Buterin is probably one of blockchains genius, is surrounded by a huge crowd of developers, and is back by a big list of known business partners, but, I believe many of those are just there to be part of the inner circle and not that much to really use ETH as is.
 

4-Available at a very attractive price or Is it too late already?
I think the price is pretty high at the moment and pumped by the huge hype it had and continue to have + all the ICOs token build on ETH could be helping to pump the price.

 

Disclaimer:
Thinking, Curious
 

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  • 3 weeks later...
On 8/20/2017 at 2:46 AM, Malloy said:

The Total Supply is not determine. They say there's a limit, but I couldn't find the info. If you look at CoinMarketCap, they don't list that number. "According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year. In theory if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key lost, death of holders etc) and there would reach an equilibrium."

As far as I know it is deflationary and there is no cap on amount of ETH, but with POS, people have the incentive to hold and use ETH so naturally people will just buy and hold them or use them...

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Keeping my vote the same as before (bearish short and mid term) due to the upcoming hard fork for Metropolis due sometime late September. There is not expected to be a 'fork' in the currency, but rather a code upgrade. Still expect some price fluctuations and some exchanges to pause trading.

Improvements include increased anonymity with higher levels of anonymous transactions, easier programming and smart contracts, and increased security in the form of masking, which will help protect users against hacking by quantum computers.

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