And to that guy shittalk,it doesnt even matter if whales dump ether,the project will go on because,compared to other cryptos like LTC or even BTC,its are not meant to be just crypto money that can be speculated on,but more.So,i really hope whales dump it and it goes down to 2$,i really do.
Except that Ethereum needs more than $200,000 per month to continue operating and they were down to $750,000 cash and 1.65 million ETH:
Quote from: https://news.bitcoin.com/ethereum-now-self-sufficient-4-5-years-says-buterin-price-climbs/
The foundation currently has ~1.65 million ETH, plus ~$750k in non-ETH assets. 1650000 * 6.1 + 750000 = $10,815,000. Based on our current ~$200k/month burn rate, that will last us ~54 months ~= 4.5 years. That said, we are planning some substantial expansions which will increase our expenses but also get Casper and other fun stuff out the door much faster, and we are also starting to get interest for corporate sponsorships coming in, which could secure us a more sustainable funding path in the long term.
This guy
Ever since you arrived here you've been the ultimate doom monger using multiple aliases spreading the same fear trivia. Your the type who sat by watching BTC rise and never had the courage to buy in. Your way of venting your yellow streak is to vent against every successful coin. What have you ever made?