Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Rampion
on 13/06/2016, 12:00:23 UTC
Quote from: Elwar on June 13, 2016, 11:39:00 AM
Quote from: pariahbit on June 13, 2016, 11:34:06 AM
Quote from: toknormal on June 13, 2016, 11:23:00 AM

Quote from: pariahbit on June 13, 2016, 11:13:11 AM
Relative market volume is higher.

If you want to invent metrics to suit your case and use "relative market volume" as a measure then I think you'll find you got blown away by YB Coin which had 32 times more "Relative market volume" than Ethereum  Wink
That's why market volume is only relevant when huge spreads develop, i.e. you can't sell enough of your coin @spot. Clearly that's not the case for ETH, it's growing at an astounding rate, the price is skyrocketing. Bitcoin, OTH? Struggling to stay 1/2 its ATH Sad
And that's OK, because it's not about money. BTC has a thriving, vibrant community Smiley

Just paid my hosting service with bitcoins.

Which service accepts ethereums?

Regardless of that, Ethereum is bad money. There's no issuance plan (or let's say there is a new issuance plan every 2 months) nor a limit to ether supply, Vitalik will generate more ether (or not) as he sees fit. At the end of the day he is a de facto central banker, like it or not. Bitcoin's value proposal is the opposite: finite supply and predictable issuance rate - and that's what makes Bitcoin sound money.