Re: | NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug.9

Wtf. I excpected to fall to 0.07 and had set up my orders but it bounced back. Crazy day. Got arround 150 NEO today, hoped for 1.5k but what can I say..

General question - Why are prices always equated to bitcoin? I.E 0.07 yesterday isn't the same as 0.07 today because bitcoin has gone up around 5% . I always find it easier working with $ .. I know I paid $15 and now it's $35, especially with something that isn't backed by btc.

Im always curious about this as well. I think people may be used to comparing to the BTC price, although I agree its super confusing, especially for this project.

NEO = updated china ETH

Not quite. Forgetting about whether NEO's tech is 'better' or 'updated' or anything else (that's a separate argument), NEO's purpose is different from ETH's. NEO is essentially a share in a network, and its purpose is to generate 'dividends' in the form of GAS. GAS is what you need to use the blockchain, so really GAS is the closer analogue to ETH. Ultimately you'll need GAS to run a node, and you need NEO to make GAS.