Am a bit new to cryptos especially Ethereum, found this really interesting discussion taking place during the ongoing Nexus conference related to the economics of Ethereum.
This happens in the last 10 mins (55 min) into the video where Stacy Herbert asks Charles Hoskinson regarding the incentive to keep the price of Ethereum to not get very high as this may discourage new application from adapting the platform whereas the economics of Bitcoin encourages a higher price.
Charles gave an analogy comparing Ethereum to oil and Bitcoin to gold to which Max Keiser asked as in the case of oil where the industry wants to price high enough so that the exploration activities continue and not to high enough to dampen the demand.
This argument makes a lot of sense for having a not too high price for ethereum.
So are Neo and EOS a better bet?
Youtube Source Channel
Digital Assets Bitcoin
Hmm, interesting post @vineetramk - the analogy is interesting but may not be all that accurate. I don't think it translates to cryptocurrencies but we will see!
Let me know what you think of the latest episode of Crypto Nights in which we discuss Ethereum and the challenge of EOS.
Alex
Hi Alex,
Saw your episode , was surprised to see that Ether doesnt have a cap. If thats the case I dont see it getting much higher because of this inflationary nature
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