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I figure with recent events Ethereum needs it's own thread. I compiled a few posts I've made and chucked them in here. Feel free to ask me questions. I will keep this thread up to date as new developments come.
When I first introduced this forum to Ethereum in Sept 2016, ETH was $12... it hit $1,387 tonight and will likely hit 3.5k by 2019. Of course I could be wrong and it could dive... or it could hit 5k. It really just depends on adoption and some of the new tech being released in 2018 on the Ethereum network being put to good use. The EEA members seem like they are comping at the bit for scaling solutions to be in place and as that happens more and more will release their blockchains on top of the Ethereum network.
Most of crypto is 100% speculative. Admittedly, ETH's price discovery is highly speculative as well, but the technology is currently the best in the space and Ethereum has the very best developers working on solutions for problems that have plagued blockchain for years and prevented widespread adoption.
Ethereum is both a platform/network and a currency/store of value. It's arguably the best store of value in the entire space simply because of current and future use along with the very best development team and leadership in crypto.
Ethereum currently processes more transactions than all other crypto combined and that's before on and off chain scaling solutions are in place.
Think of Ethereum as the internet and cloud/hosting services all in one, and public and private blockchains as web sites that are hosted in that cloud storage and are accessed through the internet.
If a corporation owned 75% of ISPs and 75% of cloud storage, would you want to own it's shares? I sure would.
Proof of work (POS) will be replaced by proof of stake and other highly efficient means of securing the network moving forward. This removes the inefficiency of Proof of Work mining (POW) that crypto like BTC use.
Proof of stake will use ~ 1% the computing power and electricity that proof of work does with much higher throughput. It's a non-issue in the long run.
Proof of stake is already on test net for Ethereum and will go live in 2018. Additionally sharding, plasma, raiden and zksnarks go live in 2018 making Ethereum "one coin to rule them all".
With on chain and off chain scaling solutions in place companies like Mastercard (already a member of the EEA) will start utilizing the Ethereum network and utility will slowly start to chip away at the speculation based evaluations for crypto. Real, widespread adoption, means stable prices, and the disruption of several industries.
When I first introduced this forum to Ethereum in Sept 2016, ETH was $12... it hit $1,387 tonight and will likely hit 3.5k by 2019. Of course I could be wrong and it could dive... or it could hit 5k. It really just depends on adoption and some of the new tech being released in 2018 on the Ethereum network being put to good use. The EEA members seem like they are comping at the bit for scaling solutions to be in place and as that happens more and more will release their blockchains on top of the Ethereum network.
Most of crypto is 100% speculative. Admittedly, ETH's price discovery is highly speculative as well, but the technology is currently the best in the space and Ethereum has the very best developers working on solutions for problems that have plagued blockchain for years and prevented widespread adoption.
Ethereum is both a platform/network and a currency/store of value. It's arguably the best store of value in the entire space simply because of current and future use along with the very best development team and leadership in crypto.
Ethereum currently processes more transactions than all other crypto combined and that's before on and off chain scaling solutions are in place.
Think of Ethereum as the internet and cloud/hosting services all in one, and public and private blockchains as web sites that are hosted in that cloud storage and are accessed through the internet.
If a corporation owned 75% of ISPs and 75% of cloud storage, would you want to own it's shares? I sure would.
Proof of work (POS) will be replaced by proof of stake and other highly efficient means of securing the network moving forward. This removes the inefficiency of Proof of Work mining (POW) that crypto like BTC use.
Proof of stake will use ~ 1% the computing power and electricity that proof of work does with much higher throughput. It's a non-issue in the long run.
Proof of stake is already on test net for Ethereum and will go live in 2018. Additionally sharding, plasma, raiden and zksnarks go live in 2018 making Ethereum "one coin to rule them all".
With on chain and off chain scaling solutions in place companies like Mastercard (already a member of the EEA) will start utilizing the Ethereum network and utility will slowly start to chip away at the speculation based evaluations for crypto. Real, widespread adoption, means stable prices, and the disruption of several industries.
