What does everyone think of the recent price drop in Ethereum? They lost over 500 million from their market cap in less than a week.

In my opinion they've gotten way ahead of themselves (going against Alan's advice), and taken on more investment capital than they know what to do with. The only applications that have actually been produced are dice games, gambling apps, ponzi "businesses", pyramid "businesses"; The rapid ascension in price has certainly attracted some unsavory characters.

All this aside, the failure of an entire billion dollar currency at this point would be disastrous for our industry's reputation, so let's hope they can get back on track.