If ethereum becomes too expensive it fails - page 2.

slaveforanunnak1

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Merit: 502

Quote from: poornamelessme on July 25, 2014, 05:03:07 PM

One thing I have wondered about is ...

if it becomes really too expensive, could they simply use fragments of Ether to power the applications using the network? Sort of like a stock split, I guess.

Wei = 10^0
Ada = 10^3
Babbage = 10^6
Shannon = 10^9
Szabo = 10^12
Finny = 10^15
Ether = 10^18
Einstein = 10^21
Douglas = 10^42

claimore

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I didnt invest because of this same reason. Project too big and complex for its own good.

poornamelessme

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One thing I have wondered about is ...

if it becomes really too expensive, could they simply use fragments of Ether to power the applications using the network? Sort of like a stock split, I guess.

gustav

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Activity: 602

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I was reading the disclaimer and they said the network could be instable and businesses could be forced to stop operating if eth becomes too expensive. My question is: how can it go to the moon then? Isn't that like btc would stop working once it's more expensive than 2k$ or something? Isn't it kind of guaranteed then to fail? I mean, don't we know the rampant speculation around here?
Guys, you can't speculate on eth because if you do it fails!

I know nobody will listen, then isn't it already nailed it will fail?

edit:
copy of TOS:

"19.15 Risk of Rapid Adoption and Insufficiency of Computational Application Processing Power on the Ethereum Network

If the Ethereum Platform is rapidly adopted, the demand for transaction processing and distributed application computations could rise dramatically and at a pace that exceeds the rate with which ETH miners can bring online additional mining power. Under such a scenario, the entire Ethereum Platform could become destabilized, due to the increased cost of running distributed applications. In turn, this could dampen interest in the Ethereum Project and ETH.

Insufficiency of computational resources and an associated rise in the price of ETH could result in businesses being unable to acquire scarce computational resources to run their distributed applications. This would represent revenue losses to businesses or worst case, cause businesses to cease operations because such operations have become uneconomical due to distortions in the crypto-economy."

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