Quote from: nioc on May 24, 2016, 11:01:41 PM

Quote from: gizmoh on May 24, 2016, 09:36:43 PM

The other coin is better says coinnbase founder :

Ethereum is the Forefront of Digital Currency

https://medium.com/the-coinbase-blog/ethereum-is-the-forefront-of-digital-currency-5300298f6c75#.jrfvl1v9r

"That said, I think Ethereum is ahead of Bitcoin in many ways and represents the bleeding edge of digital currency."

OK guys I confused. Is eth a currency or not? Fuel or currency?

Probably he meant to say digital asset, but you know, he was sloppy in a lot of places in his blog post and his seemingly self-serving skewing of various facts.

On the other hand, ETH is probably whatever people want it to be, and even though it may not have the security of a some other cryptocurrency (such as bitcoin), if people treat ETH like a currency, then it becomes a currency. I just keep seeing the quantity of ETH going up by millions from 77 million to 80 million, but then at the same time, the question regarding how many there are going to be remains quite suspect - and I wonder if anyone is going to be thrown in jail from some of these apparent ETH quantity manipulation shenanigans... and then pre-mined too...

but whatever... if people buy they hope for an appreciation of price, which short term, i have no real insight either price direction.. At first I thought that it was going back down to $2 and maybe better case $5, and it only made it down to $7, then up to nearly $15, which may not be the end of the upwards direction... seems scary to be buying at this point.