this is a surface answer, im not looking for that. ether was sold for btc in pre sale for 30 cents, and had a sale for 14 days with an increasing price model and closed at 1 btc = ~1500. then every year miners bring an X% of ether to the circulating supply with an inflation rate of ~10%. i want details on how ether went from 2015 till today, its price changes, transaction volumes, mining pool status and what drives an inflationary no fixed supply cap model.
BTC is simpler to understand, 21 million fixed supply, rewards are half every year, hence you can say prices are likely to increase cause of scarcity. But not for ether, its very tricky.
Mar 13, 2019, 3:50 PM
The price change off course doesn't depends on the actual utility and it's more of a speculation of the future growth and supply demand. I'm no economist but I know that companies also don't put their valuation based on their profit but on the speculation of their stocks.
Anyways probably some trader group will give you more insightful answers rather than a developer centric group
Anyways probably some trader group will give you more insightful answers rather than a developer centric group
Mar 13, 2019, 3:55 PM
unfortunately i need a developer answer as well cause i need to construct it lool yea but certainly its an economics question, you are right on that one.
Mar 13, 2019, 4:10 PM
We should encourage more and more collaboration between protocols
Maker, nucypher and 0x are already encouraging it so much tho...
For everyone - https://coinlist.co/build/nucypher
Your question made me look into ethereum from a different perspective and so I went to the way-back machine to understand ethereum's position in its initial ico days. You also might find this interesting - https://web.archive.org/web/*/https://www.ethereum.org/
Mar 13, 2019, 5:19 PM
nice dude! haha
wow seems like more visit after 2017 which in interesting, i thought it would be less in 2018 cause of bear market
after the crazy 2017 hype
Mar 13, 2019, 7:11 PM