The more I think about it though, I believe ethereum has little justification for its market cap. It is surely a huge leap forward in terms of innovation but it's a tool. Apps, coins and platforms built on top of it will have value, but I am yet to be convinced of the intrinsic value of ethereum.
It's price is largely irrelevant, you only need it to run your apps on the platform and if at any point that becomes too expensive the apps would find an alternative platform. It's value will always be a marginal frictional cost.
Is this a buy signal for Ethereum? I expect we will see these types of events multiply across other smart contract platforms too. Question is, what happens when BTC is enabled with Rootstock?
It could be, the more apps we see using it.
The more I think about it though, I believe ethereum has little justification for its market cap. It is surely a huge leap forward in terms of innovation but it's a tool. Apps, coins and platforms built on top of it will have value, but I am yet to be convinced of the intrinsic value of ethereum.
It's price is largely irrelevant, you only need it to run your apps on the platform and if at any point that becomes too expensive the apps would find an alternative platform. It's value will always be a marginal frictional cost.
Is this a buy signal for Ethereum? I expect we will see these types of events multiply across other smart contract platforms too. Question is, what happens when BTC is enabled with Rootstock?
Good jobs,
I imagine in a future a job named like: Crypto broker from Wall Street XD
How about CCO, Chief Cryptocurrency officer 😀
This post has received a 6.31 % upvote from @booster thanks to: @eroche.
This is awesome! @eroche Love it.
Thanks for your work as well! Followed @eroche