Topic: Ethereum as a store of value coin. - page 2. (Read 455 times)
The value attached to ETH. Is just enough to make it act as a store of value,. It's the second most valuable coin and can can comfortably be used to store wealth as it's just as effective. As much as every crypto can be used to as a storage of value,, ETH, is one of the best there is and the fact that it's considerably stable hence reducing the chances of losing value
There's nowhere mentioned that Ethereum should be used as a utility coin only, it is a decentralized currency and a person is free to use it as he sees right. The store of value is just a byproduct of hodling the coin. If you don't want the increase in price than you can just burn your token.
Ethereum is a strong coin and it can be used to buy another one. Even though it is can be store as an utility coin but as its value keep rising then people would like to use it to trade.
No, you are definitely wrong. People usually use Ethereum rather than Bitcoin. That's why ETH blockchain are currently overloaded with many transactions. While Bitcoin is mostly just bought by people for trading instead of using it.
Well since bitcoin is there, most people will continue to use bitcoin as a store of value like gold and basically that's why bitcoin has that much dominance.
Considering Ethereum is the top 3rd trading pair next to USD and BTC, I would say it's a great storage of value coin. Long-term at least. Maybe not in the short run
It is used in the operation of ethereum blockchain. Just more than that the exact concept of etherum is smartcontract. Operate smartcontract needs eth. This means that the demand of eth will be sustainable. Also, people favor bitcoin in purpose of store of value
If Ethereum is a utility platform and the value of its coin rises, how can it continue to be used as a utility when its used as a store of value?
Most people that buy Ethereum aren't using it, they're trading.
Most people that buy Ethereum aren't using it, they're trading.
I actually beg to differ, people buying Ethereum are probably using it for decentralized applications that are already being run on the ETH blockchain.
Going back to your topic, Ethereum can also be used as a good store of value because all indicators point to it's value going nowhere but upwards. There is only innovation and enhancement ahead of the Ethereum blockchain and there is very little chance that some obscure little bug would be found in the code or some other catastrophe because of the sheer number of people constantly auditing the Ethereum blockchain and it's protocols.
Today, the chain of blocks and projects based on Ethereum are growing.
Although the current price of Ethereum is falling, but still many people believe if Ethereum will rise again when the market recovers. If Ethereum throughput increases substantially, then I think Ethereum will be the best project, and impact on Ethereum price increase.
Although the current price of Ethereum is falling, but still many people believe if Ethereum will rise again when the market recovers. If Ethereum throughput increases substantially, then I think Ethereum will be the best project, and impact on Ethereum price increase.
If Ethereum is a utility platform and the value of its coin rises, how can it continue to be used as a utility when its used as a store of value?
Most people that buy Ethereum aren't using it, they're trading.
I think you should widen your scope on ethereum, trading and using are the same thing as long as you trade if you are using it's fee it's private key and anything associated with it, there are already companies using Ethereum don't know where you get that idea. Most people that buy Ethereum aren't using it, they're trading.
i agree, nowadays etherium mostly used for making invest like hold them, or used them for buying some ico sale and for gas wallet, but i think etherium more usefull rather than bitcoin.
This is the current problem, most of the time people only use ETH for transactions.
So they don't really want to use ETH.
So they don't really want to use ETH.
it fuels the transaction which makes it a utility but since most of us wants to profit due to its high demand traders are buying ETH to earn. its both. you can store your wealth on it and you can use eth if you are sending tokens to elsewhere. this is why ether is a good investment as over time you profit.
They are doing it both. The only limitations would be the transaction speed and fees. When Ethereum achieves both high speed and low fees, it can be parallely used as a utility as well as trading coin.
If Ethereum is a utility platform and the value of its coin rises, how can it continue to be used as a utility when its used as a store of value?
Most people that buy Ethereum aren't using it, they're trading.
Most people that buy Ethereum aren't using it, they're trading.
That's the magic of cryptocurrency, it's like buying a stock you could use whatever it may save you. The fact that all of the coins are being used as utility and getting high store value because of it's demand and fix supply, maybe there is nothing wrong with that. Hence, it is one of the best use cases of blockchain.
Ethereum is a very great coin which serves as a store of other value coins, which is really a great idea. That's why I prefer Ethereum over Bitcoin because bitcoin does not have on-chain smart contracts, which may be due to security reasons. Ethereum still remains my best coin above all other coins.
At present, the block chain and ETH ecology are developing.
If the throughput of ETH improves substantially, then I think ETH will be the best project.
If the throughput of ETH improves substantially, then I think ETH will be the best project.
If Ethereum is a utility platform and the value of its coin rises, how can it continue to be used as a utility when its used as a store of value?
If the value of the coin rises (along with its transaction fees), than it makes no sense to be used as a utility coin. It will become a store of value, similarly to what bitcoin is destined to be. But Bitcoin doesn't have smart contracts, no? And it was meant as for peer-to-peer transactions, but with no utility other than that I believe.
Bitcoin has no on-chain smart contracts due to security reasons, but it has off-chain solutions for that.Ethereum on the otherhand is a utility platform and meant to build DAPPs, people use Solidity to build with Ethereum. So it has a use. So I suppose my point would be I find it kind of backwards when a utility coin is treated as a store of value, it defeats the purpose a tad and slows down innovation.
I don't think Ethereum can ever become a store of value in the sense Bitcoin is. Ethereum is a crypto-asset designed to fuel the ETH platform, and given the current situation with these ICOs, it would have to struggle in the future to maintain its value even where it is now.I agree.
I think you can use all cryptocurrency for both trading purpose and utility. Many investors are using ethereum for utility by participating on gaming platforms. Hope this helps.
If Ethereum is a utility platform and the value of its coin rises, how can it continue to be used as a utility when its used as a store of value?
If the value of the coin rises (along with its transaction fees), than it makes no sense to be used as a utility coin. It will become a store of value, similarly to what bitcoin is destined to be. But Bitcoin doesn't have smart contracts, no? And it was meant as for peer-to-peer transactions, but with no utility other than that I believe.
Bitcoin has no on-chain smart contracts due to security reasons, but it has off-chain solutions for that.Ethereum on the otherhand is a utility platform and meant to build DAPPs, people use Solidity to build with Ethereum. So it has a use. So I suppose my point would be I find it kind of backwards when a utility coin is treated as a store of value, it defeats the purpose a tad and slows down innovation.
I don't think Ethereum can ever become a store of value in the sense Bitcoin is. Ethereum is a crypto-asset designed to fuel the ETH platform, and given the current situation with these ICOs, it would have to struggle in the future to maintain its value even where it is now. Jump to: