Topic: Why is Ether so popular, despite its infinite supply? - page 3. (Read 3808 times)
I think ethereum control by devs and i heard this is a scamcoin and this is not the good place to promote those altcoin because this is bitcoin discussion not ethereum discussion.. For me ethereum is not popular they are complaining to ethereum because devs are experimenting the price of the market in yobit thats why the price there now is high.. but sooner ethereum again will down back to 0.005..
Ether is popular because a lot of people don't understand the big question marks that this technology has. I remember once upon a time, how NXT was "taking over" with their revolutionary PoS and their decentralized exchanges and all that cool looking wallets. This is the same all over again. A lot of people and hype involved, sooner or later it will correct where it belongs, but it may still pump a lot higher, so maybe it's a good idea to take a position to short the thing and get some BTC out of it.
Putting your assessment in perspective:
ETH has a lot of good things going for it and is a really cool coin -- err, token. Internet fuel, or whatever.
That being said I think the prices it has been going for are pure crazy. 1 eth should not be selling for 0.027 btc right now, it's totally wild.
I think a reasonable price would be somewhere around 0.006-0.009 . That being said, even after its last big dip, it went right back up to high 0.02's so I guess that's just the going market rate for such high demand and promises.
Personally, I've been unloading ETH as soon as I get it. Besides regretting the 30 or 50 or so I sold at 0.015, I've been happy to sell it as soon as I get it.
(That's fine if you don't agree with me, just my two cents.)
That being said I think the prices it has been going for are pure crazy. 1 eth should not be selling for 0.027 btc right now, it's totally wild.
I think a reasonable price would be somewhere around 0.006-0.009 . That being said, even after its last big dip, it went right back up to high 0.02's so I guess that's just the going market rate for such high demand and promises.
Personally, I've been unloading ETH as soon as I get it. Besides regretting the 30 or 50 or so I sold at 0.015, I've been happy to sell it as soon as I get it.
(That's fine if you don't agree with me, just my two cents.)
At the moment, I think most people do not understand what ethereum is for- only the few highly intelligent people. For me, the infinite supply is sufficient to put me off buying ether. However, it is something very interesting and let's see how it evolves.
Gold s infinitive as well, at least in our lifetimes, yet, the price s stable and even going up. Why?
Is gold infinite supply?
The supply of commodities such as crude oil is finite but it is dependent on oil producing countries how frequent they want to dig up this resource.
For ether, it is unlimited supply but the variable here is the difficulty which will make it harder to get it.
I think that the Ethereum project is gaining so much attention because it was never meant to be a mechanism to store monetary wealth and never meant to be a bitcoin alternative. The platform is attracting a large base of innovative developers due to its potential to support applications in a decentralized manner. Decentralized applications running on a distributed ledger opens up possibilities only limited by our imaginations.
EDIT: Whether or not it will succeed is another question....
EDIT: Whether or not it will succeed is another question....
So Ether has become a huge decentralized SaaS and developers and organizations have to pay an unknown amount (since prices varies) each month to use this service.
A middle layer is still needed to convert fiat to Ether to use the applications that are backed by Ether. Unless this middle layer has matured, Ether won't get out of the euphoric phase.
Ethereum is popular because of the prospect of applications and various other similar media being a form of value generation, and a lot of cryptocurrency users have computer science backgrounds, or some form of higher education.
There are also the investors and speculators that really try to push it as being the next big thing, so that has an effect on the value of the currency, along with all of the people on forums like this trying to pump and push ETH even though the value is routinely failing to perform and is often left to decrease and collapse after a large buy-in.
There are also the investors and speculators that really try to push it as being the next big thing, so that has an effect on the value of the currency, along with all of the people on forums like this trying to pump and push ETH even though the value is routinely failing to perform and is often left to decrease and collapse after a large buy-in.
You can't actually say that Ethereum has an infinite supply. The PoW is still going on and it will continue for about a year or so. After that it will become PoS, meaninig that the stakes will be issuing new coins, however this suplly cant really be considered has infinite...
before i buy something with an infinite supply, i would rather buy gold or a stock.
Thats right.If something has infinite supply,it losses its value and eventually become useless.I think Eth market is being manipulated by some big whales by creating fake hyip to attract noob investors.and do not be too greedy to buy many eth it is too risky
before i buy something with an infinite supply, i would rather buy gold or a stock.
Thats right.If something has infinite supply,it losses its value and eventually become useless.I think Eth market is being manipulated by some big whales by creating fake hyip to attract noob investors. 
Bitcoin has miners. The miners have 1.2 Exahashes of cryptographic hashing power just sitting there, mining useless problems for bitcoin
Now think about ethereum. You are mining for ether, that's correct, but this mining power is going to be used. Be used to host and process problems for other people. Isn't that more practical and useful?
That distinction is not as clear as you make it out to be. Bitcoin miners mine transactions into blocks. Now think about ethereum. You are mining for ether, that's correct, but this mining power is going to be used. Be used to host and process problems for other people. Isn't that more practical and useful?
I think Ethereum is getting popularity because of it frequent price increase and people are of the view and have heard that ether is goin to increase in value and so they start to buy some amount of it and so with that the price increase more. But the people should have to know that price is going to fall down deeper whenever the halving and price increase of bitcoin is started.
Can someone educate me the deep interest with Ether? I understand that it has an infinite supply but the supply is controlled based on rising difficulty. One advantage of Ether is its use for smart contracts, and usage ensures demand which could cause prices to rise.
But Bitcoins have a finite supply (unless the code changes) and its first mover advantage allows it to gain proper market share and ensure its demand, and with its limited supply, theoretically, prices should go up. However, if users were to hoard Bitcoins and there is no usage (delayed expenditure) which leads to low-demand, Bitcoins will devalue.
I'm confused. Resident economists, please enlighten me.
But Bitcoins have a finite supply (unless the code changes) and its first mover advantage allows it to gain proper market share and ensure its demand, and with its limited supply, theoretically, prices should go up. However, if users were to hoard Bitcoins and there is no usage (delayed expenditure) which leads to low-demand, Bitcoins will devalue.
I'm confused. Resident economists, please enlighten me.
Inflation is a more a problem for people that use a currency as a store of value than those who use it as a medium of exchange. I suspect that most people (except for the speculators) don't use ether as a store of value, so inflation is not a big deal.
Of course, speculators are interested because they are speculating that adoption will exceed the inflation rate for the time being.
I think that the Ethereum project is gaining so much attention because it was never meant to be a mechanism to store monetary wealth and never meant to be a bitcoin alternative. The platform is attracting a large base of innovative developers due to its potential to support applications in a decentralized manner. Decentralized applications running on a distributed ledger opens up possibilities only limited by our imaginations.
It was made to be both.
Think about it this way -
Bitcoin has miners. The miners have 1.2 Exahashes of cryptographic hashing power just sitting there, mining useless problems for bitcoin
Now think about ethereum. You are mining for ether, that's correct, but this mining power is going to be used. Be used to host and process problems for other people. Isn't that more practical and useful?
I think that the Ethereum project is gaining so much attention because it was never meant to be a mechanism to store monetary wealth and never meant to be a bitcoin alternative. The platform is attracting a large base of innovative developers due to its potential to support applications in a decentralized manner. Decentralized applications running on a distributed ledger opens up possibilities only limited by our imaginations.
EDIT: Whether or not it will succeed is another question....
EDIT: Whether or not it will succeed is another question....
To be honest, i think Ethereum will be another coin that will lost it's value soon.
Even though big companies such as Microsoft support Ethereum's development & there are many new revolutionary technology, it's not enough to stop bitcoin. In fact, almost no one use it as currency while some of bitcoin already use bitcoin as currency.
I bet Ethereum will dead eventually if no one use it as currency, no one accept it as payment or mass adoption never happened.
Even though big companies such as Microsoft support Ethereum's development & there are many new revolutionary technology, it's not enough to stop bitcoin. In fact, almost no one use it as currency while some of bitcoin already use bitcoin as currency.
I bet Ethereum will dead eventually if no one use it as currency, no one accept it as payment or mass adoption never happened.
Ether is popular because a lot of people don't understand the big question marks that this technology has. I remember once upon a time, how NXT was "taking over" with their revolutionary PoS and their decentralized exchanges and all that cool looking wallets. This is the same all over again. A lot of people and hype involved, sooner or later it will correct where it belongs, but it may still pump a lot higher, so maybe it's a good idea to take a position to short the thing and get some BTC out of it.
But NXT never got picked up by prominent organisations. The issue with ether right now is the media hype around it, partly driven by DAO, and the smart contract status and tries to set itself different from Bitcoin.
The inventor of Ether is also known as a prodigy in Russia. And most importantly, Ether core team did not suffer the fragmentation and internal split that Bitcoin dev have. Internal core dispute leads to bad press.
Gold s infinitive as well, at least in our lifetimes, yet, the price s stable and even going up. Why?
Is gold infinite supply?
The supply of commodities such as crude oil is finite but it is dependent on oil producing countries how frequent they want to dig up this resource.
For ether, it is unlimited supply but the variable here is the difficulty which will make it harder to get it.
Scam, Ponzi, pyramid scheme, pump and dump, smart marketed shitcoin. Choose one of those notations and you're on the right path.
Many of the people, trading it know what will happen but they try to ride the wave as long as it lasts.
But get yourself out in time, otherwise you end pretty bad!
Many of the people, trading it know what will happen but they try to ride the wave as long as it lasts.
But get yourself out in time, otherwise you end pretty bad!
because it's fast and the people wants a "normal" e-currency with instant transactions. 
Can someone educate me the deep interest with Ether? I understand that it has an infinite supply but the supply is controlled based on rising difficulty. One advantage of Ether is its use for smart contracts, and usage ensures demand which could cause prices to rise.
But Bitcoins have a finite supply (unless the code changes) and its first mover advantage allows it to gain proper market share and ensure its demand, and with its limited supply, theoretically, prices should go up. However, if users were to hoard Bitcoins and there is no usage (delayed expenditure) which leads to low-demand, Bitcoins will devalue.
I'm confused. Resident economists, please enlighten me.
yes might its one of many reason why etherum so popular in this year,and etherum have good promotions,good price,and its price highest after bitcoin price,its why etherum so popular,i said its was queen of altcoin But Bitcoins have a finite supply (unless the code changes) and its first mover advantage allows it to gain proper market share and ensure its demand, and with its limited supply, theoretically, prices should go up. However, if users were to hoard Bitcoins and there is no usage (delayed expenditure) which leads to low-demand, Bitcoins will devalue.
I'm confused. Resident economists, please enlighten me.
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