But I wonder if there is still so much upwards potential.
I mean it is valued at 31 Billion$ ...
Let me ask you a simple question if I may?
lest say the owners print 999 trillion of ETH, how much upword potential would you have if that happened?
I agree, there should be limited supply and no trust. Decentralization was the goal of blockchain but with ethereum it has become more centralized. But who am I to judge, just another noob that dont understands the matter. I wouldnt say ethereum is a scam though, but many scams are built on top of it.
I think its not that hard to comprehend why this is happening. Many businesses realized how easy they could built a token on this blockchain and therefore bought a lot of eth and stabilized the value, also the following ICO craziness is a key factor of holding eth where it is. I wonder what will happen when ICOs start to get regulated because of all those scams. Maybe ethereum will suffer the most of all from this.