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Keiser report bitcoin vs banksters greece
Ethereum [1] is widely regarded as the number 2 crypto-currency behind Bitcoin. Vitalik Buterin, the creator of Ethereum is a Bitcoin fanatic who understood deeply, the intrinsic value of crypto-currency and the limitations of Bitcoin. Ethereum is a "Turing Complete" platform that allows programmers to build trustless smart contracts enabling highly creative value transfer. Ether is the currency integral to the operation of Ethereum.
Each computation requires Ether. This is truly a world first. Ethereum can also be described as a virtual machine that runs on top of the internet stack. It cannot be censored or shut down since it is decentralized no single point of failure. Ok this is all great but the reader just wants to know whether they should buy. Have they missed the boat or is it about to sail? How do we come up with a meaningful valuation for Ether? Well, at its core is a team of developers, keen to improve the world, akin to an early Google.
These folks are highly motivated both politcally and financially to bring Ethereum to the mainstream. Inflation is minimal [4]. The author recommends ETH as part of a diversified crypto portfolio. There is plenty of upside potential which outweighs the downside. Aside from the money it is a very cool project to be a part of. I just wanted to point out that Ethereum is actually DISinflationary to begin with. There is actually No inflation.
In fact, it disinflates as the ETH reward goes down over time reducing the supply but the demand grows with adoption. Now is the time: Many thanks for your reply. Do you have a price projection, based on fundamentals you would like to share? This happens because people know that any Ethereum they are holding will give them an equal amount of the new currency as well as allowing them to hold their ETH So it's a very good investment strategy.
Of course, after the fork, the currency will naturally be over bought and the price will drop back to it's natural supports. This will happen again near the end of the year. That's what makes now a good time for short term investors. But if you really want my2btcents This is due to the forks, along with the general hype of cryptocurrencies right now, followed by the usual end of the year pops as people spend their Christmas money and end of year bonuses as well as trying to finagle taxes for EOY purposes.
If you aren't in it for the long haul, that would be a great time to sell. Of course, I believe that Ehtereum could definitely win the scalability race. If it completes in the near future It could very well over take Bitcoin: Take it with a grain of salt. I just fail to see it toppling Bitcoin. Buterin is both a BTC fanboy and understands game theory ; he knows that Bitcoin is king and Ethereum is queen. If another currency were to rise above Bitcoin, that would set a precedent for the king to be overthrown and thus create instability in the crypto realm.
Rest assured that Buterin is not in competition with Bitcoin but working in harmony for the greater good, like a good royal marriage. Actually I wrote an article about a huge conglomeration of cryptocurrencies Well, that was a tangential point anyways.
There are two technologies listed in that article that would greatly help this idea. And besides, if we had a bunch of cryptocurrencies working together, it would also solve the scalability problem quite nicely: Investing in Crypto-Currency carries high risk. Authors get paid when people like you upvote their post. I would also like to note that I have small mining farm mining Ethereum myself: Here is a link to that article if anyone would like to read it. Good info - I shall digest.