Re:A Eulogy for Bitcoin
by WheelsAtLarge on Saturday October 01, 2022 @11:29PM
(#33052554)
Ethereum has a pricing problem. How do you price an infinite asset that's cheap to produce? Previously you could peg it to the cost of production. Now its price will be directly influenced by how much it earns. I suspect that as time passes its price will go down reflecting what it costs to produce. It's good for the currency and apps that are created around it but I suspect it will be bad as an asset investment.
It has a bright future but the price appreciation of Ether by speculation is over.
Re:A Eulogy for Bitcoin
by smoldesu on Saturday October 01, 2022 @11:40PM
(#33052610)
An infinitely deflationary currency will be hard to popularize as anything other than a fiat. With the regulation around custodial Ethereum, I doubt the whole "dApp" ecosystem is going to go anywhere beyond where it stalled-out circa-2017.
It has a bright future but the price appreciation of Ether by speculation is over.