Ether Price Can Go Up and Down, It Is More Fuel Than Money: Expert
Dr. Greg Colvin who works on the Ethereum Virtual Machine has identified a key factor that distinguishes Ethereum from Bitcoin and a number of other altcoins. Speaking on the implications of Ethereum on society in an interview shot at the Devcon 2 conference, he said there exists a factor that makes Ethereum more than just a form of money: “For me and for a lot of people, Ether is just what makes Ethereum run. We don’t really care if it is money. I don’t care day to day what the value of Ether is. Whether it goes up or down, it’s just the fuel that runs the machine. What’s interesting are....
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Ethereum announced the beginning of its 42-day presale for Ether, the crypto-units which will fuel its distributed application software platform. Ethereum will acquire the Ether through a premine. Due to the controversial nature of premines, Ethereum will likely face competition from forks once the project source code is released. Ether, the Fuel of the Ethereum Project, Is Available for Pre-Order. Earlier today, Ethereum began its official 42-day Ether presale. The developers are selling the Ether through a fixed-price model. Initially, 1 bitcoin will purchase 2,000 ETH, but that number....
The Blockchain technology has always been associated with Bitcoin. Similarly, Bitcoin has always been associated with money. The Blockchain now has a much bigger purpose than just acting as a ledger for Bitcoin transactions. Blockchain is slowly becoming an integral part of the new age intellectual property, electronic records and other file verification and management systems. Blockchain has now become a huge, secure, publicly accessible database. Similarly, there is a non-financial alternative of Bitcoin and it is called Ether. Ether is built along the lines of Bitcoin and its underlying....
Paul aka Paul_btc, a crypto analyst and expert, says Ethereum is not holder friendly but perfect for trade. In fact, his contention is backed by the large quantity of Ether issuance in a day. Building on his assertion, Paul adds: "Let’s take a look at the daily issuance of ETH tokens. It is quite a lot, and it doesn't decrease. So basically to maintain the price of the market there has to be buying those amount of coins daily." Ether as the crypto fuel that powers the distributed application on the Ethereum platform which at the moment essentially has no use, he contends:....
September was a very bullish month for Dogecoin, as several positive announcements restored investor faith in the coin and increased the Dogecoin price. Dogecoin even reclaimed a top-five market cap ranking. However, during the month of October the Dogecoin price has declined considerably. Perhaps the rocket ship to the moon has run out of fuel. Also Read: Dogecoin Creator Responds to Moolah Bankruptcy with Additional Concerns. Dogecoin Price Rocket-Ship Runs Out of Fuel. It takes a lot of fuel to send a rocket-ship to the moon-especially when the ship has more than 87,000 passengers....
Bitcoin today blasted through local resistance and set an all-time high price record. The powerful move came after a short-lived drop downward yesterday, providing enough short-sellers to pose as fuel to push prices higher. What also contributed to the “rocket fuel” was a sudden increase of stablecoins, which whales are finally taking full advantage of […]