News for hackers. Stuff that matters.

A comment on Stick a Fork in Ethereum. Parent comment

Re:Stick a Fork in Ethereum by crispyambulance on Wednesday July 20, 2016 @06:40AM (#12128012)
And the gambling is what makes me skeptical of figures like "the DAO is worth $150 Million" or whatever.

I would like to know how much REAL MONEY went into this thing rather than its "value" as a result of funny-money speculation. I expect that any adult that put money or compute cycles into ethereum understands that the value could literally vaporize at any time, so it seems disingenuous to throw around dollar figures inflated by speculation. Is anyone _really_ losing their shirt at this point?

[ Parent | on HN ]
Re:Stick a Fork in Ethereum by shiven on Wednesday July 20, 2016 @07:01AM (#12128095)
Is anyone _really_ losing their shirt at this point?

This. This is what I'd like to know before I can give a crap about crytocurrencies. Otherwise, it is all tulip bulbs in a land far, far away.

[ Parent | on HN ]
Re:Stick a Fork in Ethereum by analognoise on Wednesday July 20, 2016 @09:37AM (#12128876)
Excellent reference to Tulip Mania (https://en.m.wikipedia.org/wiki/Tulip_mania) for those of you following along at home!
[ Parent | on HN ]