Quote from: Febo on July 02, 2017, 04:21:09 PM

Quote from: magick-mang on July 02, 2017, 03:19:33 PM

I've got a question regarding Ethereum in general.

Let's say ETH falls apart with it's price.
How does it affect coins which are based on Ethereum? Do they also take some damage or something?
How they're connected with each other if at all?

Another thing is - I've read somewhere that ETH founder (Vitalik Buterin) can wipe all of your ETH with one command or something like that. Is it some meme or is it actually true?

ETH tokens follow ETH price. So yes most will go drastically down when ETH will go drastically down.
ETH was marketed as an unstoppable code, but that is false and was already proved how they approached the DAO problem. You can see that as an example how they will act in future. Yes Vitalik can stop any code on ETH. But that is today. Maybe tomorrow that guy will be Donald Trump or Vladimir Putin, or even Kim Yong Un.

Not just that, ICO token holders will want to trade for bitcoins and ETH then fiat once their tokens are listed in the exchanges. Since there is too much ICOs in the market, and most of them will not work as promised then I speculate a major crash in the token market most probably starting by the middle of next year.

There is also rumors that the US government will come after the people behind the ICOs. The will run for cover now and the best way for them to hide their wealth is in anonymous coins. Monero is a good choice. But I hope Aeon will also be ready by that time.