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?
Yeah , totally true . All the altcoins in the starting was based upon the network of the Bitcoin but Eth based coins comes in the existence after the success in the market for the ETH coin .
After the Bitcoin ETH has more numbers of the coin under its network of block .
So this is the truth that the admin of the ETH can control all the money and coins that are operating under ETH .
And also I am 100% sure that the admin have a control panel like emergency to seaze all the network to save the money and security , so that no one get decived by the coins .
So due to these control units we have a big trust with ETH coin for security of our money .