Yes I guess we can drop the "latest".

Regardless as to whether Eth is currently overpriced, real people pay gas fees to the Ethereum network to use the services it provides. And regardless as to how you feel about value of those services, to those people who are paying those fees, those services do have value.

In other words, the price of Eth is derived in part from real demand for the use of the services of the Ethereum network. If speculative interest in Eth were to completely collapse, its price would not go to zero, because demand for the use of the Ethereum network would sustain it.

I imagine that you would argue that demand for Ethereum network services is itself driven by pyramid schemes, and is therefore inflated. Perhaps. That does not mean, however, that Ethereum itself is a pyramid scheme. And certainly not all of the demand for Ethereum services is illegitimate.

A pyramid scheme requires that cashing out of one's investment depend on new investment money entering the scheme. It is not unreasonable, however, to purchase Ethereum with the hope that the price will go up because it will need to be purchased by users of the network, who will pay higher prices in the future when demand for the network's services goes up.

You can disagree with this proposition without calling Ethereum a pyramid scheme. Just because you think Eth is a bad investment does not necessarily mean that it is a pyramid scheme.

You can find have various definitions of what is a pyramid scheme. I agree that etherium is not a classic pyramid scheme, but for me it fits many criteria so I feel like it's a fair simple description accessible to anyone.

I don't think etherium is necessarily a bad investment if you have no moral or are not well informed. Many scams can be profitable.

> I agree that etherium is not a classic pyramid scheme, but for me it fits many criteria so I feel like it's a fair simple description accessible to anyone

I think you can only say this if you believe that the services provided by the Ethereum network are only valuable to individuals perusing illegitimate activities. Do you really think that there is not any legitimate use for Ethereum?

> I don't think etherium is necessarily a bad investment if you have no moral or are not well informed

Is it immoral to invest in Ethereum if you truly believe in the promise of the technology? Are you saying that anyone who believes in the promise of the technology is ill informed?

Yes, yes, and yes.

Ah, well, that’s certainly a timeless way to end a conversation, to call your interlocutor a dumb jerk!

I'm sorry that my rhetoric and eloquence skills were not up to your expectations.

Don’t get me wrong. I only disagree with everything you are saying, nothing more.

Why would I pay gas when a Pi board gives me the same amount of computing power but is cheaper?

So the started their crypto pyramid scheme a long time ago, still a pyramid scheme.