Post
Topic
Board Speculation (Altcoins)
Re: ETH price soaring. Are you going to move some BTC into ETH?
by
BitUsher
on 12/03/2016, 21:12:19 UTC
I'm not going to pretend to know if ETH is going up or down in the short term, no one knows this, But I Have a good idea what is in store in the future-

http://bitcoinist.net/microsoft-bullies-open-source-is-the-blockchain-their-next-target/

This is why crypto-currencies need to remain decentralized, have tangible assets that cannot be replicated with code alone(PoW), and not have a centralized development team controlling the currency like ethereum. Yes, Ethereum is centralized and thus can be a target for lawsuits and state attacks because they already have had a IPO crowdsale and once they switch to POS the plan is to give a cut to of the fees/inflation to the Ethereum Foundation which controls the "fuel"

https://github.com/ethereum/wiki/wiki/White-Paper#fees

Quote
Creators are free to crowd-sell or otherwise assign some or all of the difference between the PoS-driven supply expansion and the maximum allowable supply expansion to pay for development.