"Buterin donated $2.4 million in ether to the SENS Research Foundation."
Well there you go, if Ethereum does do well then we all get to be immortal. Hoorah.
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Regardless of how well Bitcoin and Ethereum does, cryptocurrency is an antifragile movement, it may be severely weakened by events but it's never going to go away. It had a value long before finance got involved with it (I still remember when a bitcoin was worth 50$ and I couldn't believe it then), and it survived the collapse of Mt. Gox back in 2014, which was the real test of its ability to hold value, not the 2017 bubble, and it passed.
Decentralized cryptocurrency is going to supplant centralized banking currency and NOBODY is read for how severely this will weaken the authority of sovereign states (except maybe the crazy InfoWars crowd).
https://medium.com/opacity/bitcoin-1537e616a074
You're a genius Mish, but if Taleb gets behind something, then I've got to side with Taleb.
Bitcoin – Opacity – Medium
Let us follow the logic of things from the beginning. Or, rather, from the end: modern times. We are, as I am writing these lines,…
medium.com
In any case, they can't short the 2017 bubble.
https://www.marketwatch.com/story/nassim-black-swan-taleb-says-bitcoin-cant-be-shorted-properly-as-futures-debut-2017-12-11
Nassim 'Black Swan' Taleb says bitcoin can't be shorted properly as futures debut
The debut of bitcoin futures is getting all sorts of attention this week, and Nassim Taleb has weighed in with his two crypto-cents.
www.marketwatch.com
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https://www.cryptogrind.com/
https://www.xbtfreelancer.com/
https://www.deepdotweb.com/
Read more and click more links at https://www.themaven.net/mishtalk/economics/ethereum-chief-warns-cryptocurrencies-could-drop-to-near-zero-at-any-time-https-www-lkU2CtorvkypMKt-x6FFUQ.
Yes it could drop anytime because of its volatility. Cryptocurrency alive because of investors with more passionate in their investment in digital money. It has been a steady way of making cryptocurrency kicking until now. Though volatile investment gives a lot of risk to invest, it has a higher percentage of gaining a higher profit. Though cryptocurrencies price is prone to drop, i think it will not drop to near zero. There should be a specific value in which it will be steady so that the coins will not die.