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.
I see it as the same instability and market volatility that most all ALT coins have. The difference is that if KitteCoin drops 50% you loose a cent or two but with Ether, you loose real money. I don't think they have failed, I think people expected too much from them too soon. Hype is a powerful enticement when it comes to separating you from your investable funds.
That's one of the MANY reasons I invested in DNotes, stability.