Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
pawel7777
on 17/01/2015, 17:11:25 UTC
LTC - A complete useless altcoin - 54,000,000 marketcap
PayCoin - Such a bad joke on greedy people - 46,000,000 marketcap

Ethereum - ~6,600,000 marketcap

nuff said



Totally agree - Etheruem will be able to handle quite a lot of dilution from mining whilst still looking reasonably priced compared to those. I'd also add Stellar - a fairly shoddy fork of Ripple with nothing unique apart from the fact that its mainly distributed to fraudsters who set up multiple facebook accounts for the giveaway - at $17,000,000

this is not correct, there are about 60 Million Ether, the current ethercoin represents 1 million of them, valued at about $1 or so.  thus the market cap of Ethereum, using the value of the proxy ethercoin, is $60 Million, not $6 Million.

What are you talking about?
Ethercoin have nothing to do with Ethereum.


~Ethereum price = 31,531 BTC / 60,102,216 ETH, that is 0.00052462 BTC per ETH - raw calculation without taking into consideration the dynamic price.


oh really? how much would you like to bet?

Bet on what?

That ethercoin =/= Ethereum?

From ethercoin website:

Quote
PLEASE NOTE THAT WE ARE NOT AFFILIATED WITH THE OFFICIAL ETHEREUM PROJECT.  WE ARE OFFERING A SECOND-MARKET SALE OF ETHERS.

So basically buying ethercoin you need to trust that it will be possible to redeem for the real Ether upon launch.

But I'm really surprised to see the price at $1.24, although the daily volume is not high enough to use it as a solid future price of Ether indicator (daily volume $1,248).