Quote from: podyx on May 24, 2017, 12:27:32 PM

Quote from: becoin on May 24, 2017, 12:23:19 PM

Quote from: podyx on May 24, 2017, 11:40:33 AM

Could anyone ELI5 why ETH is valuable and deserve to be 50% of bitcoins value?

Because banks want it be that way. They can even make it 200% of bitcoins value or much more. They don't have any problem with that. Until dollars and euros they print become entirely worthless.

But why not bitcoin?

Because they can't own the Bitcoin network. Banks never pump money into something if they don't own it. People behind centralized coins with unlimited supply like ETHf and XRP can easily be bought by banks.