Topic: If ethereum becomes too expensive it fails (Read 2825 times)

I absolutely agree with you! This is one of the main problems of Ethereum, and this is why I think that they could not limit the amount by implementing POS as widely discussed into the community. Since Ether are no units the value (Ether are units to run a application) a price rise will not have the same positive effect as it has to Bitcoin for instance.

That is true. The gas price has dropped significantly when the Ethereum price rose from $0.5 to $15.

Running smart contracts is payed by Gas, not Ether. If Ether is to expensive, Gas price goes down to keep everything in balance. Gas prices already went down due to recent ether prices.

You still browsing the Internet via Prodigy or AOL?

For people who study Ethereum, they know this is guarantee to happen as the usage increase. And the developers have been careful to avoid answering question on this problem.

Kind of what you wonder, what kind of people will accept money for IPO knowing there will be problems not too far into the future.

This is not saying if 1 ether gets too expensive it fails; it is saying that if adoption rises too fast in comparison to growth in mining it could fail. A high price encourages mining, so would actually help. If the price rises, then that doesn't mean that apps and services using either will find it too expensive, because as long as mining keeps up with the price rise these services will just end up paying a smaller fraction of an ether for the resources they are using.

They're protecting themselves from angry people who got ticked off when they first announced the project and pre-solicited their pre-sale. In the real world of real commerce, people facing a trollstorm lawyer up.

This is an interesting project! I hope it succeeds!

And I will buy 20 ETH today

No, they understand the law and nothing is ever a guarantee.

The Ether project has so many bylines and small clauses that raise alarms. They are protecting themselves from everything, makes you wonder if they expect to fail.

so it's kind of official now that people investing into ethereum to make money are idiots?
So the "ipo" is a pure charity for the eth-team?
... interesting for sure ... at least it was all there to read before the purchase in very clear language. Well done, i guess. Those guys deserve hookers and blow on your money because most of you were sending bitcoin without reading or thinking.
this is hilarious.

That's me, though i only tossed .25 btc. I want this to succeed.

I indirectly responded to this post over here: https://bitcointalksearch.org/topic/m.8031122


Why should it?  The purpose is not to make people money.  The purpose is to allow people to make smart contracts.  However, people are opportunistic and some will risk that people will value ETH at some arbitrary value.  The opportunistic people are called investors and Ethereum, like many startups are relying on them since no one would get anything if Ethereum developers stop developing.  They still need money right now so Ethereum team is speculating people will speculate and they can continue to pay rent/food/etc.  We are using abstract objects to come to agreement.  If people do not think it is worth it to trade X for ETH, they will not trade.  Thus ETH is valued less until someone values it.


If you consider almost 1 billion people make less than $1.00 USA dollar a day, bitcoins are already out of the reach of many, as a person would require technology to own BTC and they can barely afford food and the network continues to work as many businesses conducting billions of dollars worth of transactions a year continually begin accepting it.  However, even when 1 btc = $100k, bitcoin would continue to work as each bitcoin can be subdivided into 100 million units.    


Speculation leads to failure all the time as speculation is the assumption of risk.  
For instance, 1 person could have bought 90% of ETH so far.  However, if you consider they fall ill in the next 6 months and die without leaving record of their identity or their purchase to their heirs, that 90% would forever lay unclaimed, and those that bought the other 10% would probably had made a wise decision to assume that risk.
All sorts of scenarios can occur.  It's up to each individual to decide whether the assumed risk is acceptable for the assumed reward.  Their disclaimer is educating people about the product.  This is the opposite of the definition of scam.  A scam would want to minimize potential risks so you only focus on the reward to hype their product.  Additionally, the terms are obvious to anyone who understands the product; execution of smart contracts would be non-economical for many developers so they may not utilize the service, thus working against your speculation and the temporary "failure" of that investment.

Understand as well, some people will toss 1 BTC for no profit motive, but because they want development to continue.

It's not designed to go to the moon. It's not an investment but a product used to power the ethereum applications. In theory, the more invested at the start, the smaller the price of ether, as there is more supply. 

"risk of rapid adoption" lmao

ok this is an interesting topic !

that is right. Me personally believes that new technology always comes with bugs and the more complex it is the more bugs can occure. But we will see that once it is released. My original question from the OP still remains. How can this go to the moon?

Just saying... if something is too complex and you can't understand how it could work, doesn't mean it won't work.

that's like saying telephones are decentralized-application-prototypes. It is not the same.
Dogs are not birds or fishes. Can't compare that, bro. Ethereum is not an iphone.

That's a general thing btw. Comparisons of different things never carry any argumentative value, just sayin'

well, glad you're not in charge of anything
It's like saying "iphone is too complex for its own good.. it's not going to work... i'll stick to my Nokia 6160"