Ethernomics 101: What Makes Ether Valuable?

Whether you’re a fan or a sceptic of Ethereum, a lot of people have a tough time understanding what exactly gives Ether, its underlying currency, value.

In a recent thread on Twitter, Ryan Sean Adams wrote about “Ethernomics 101”, that explains some of.the fundamental reasons why Ether is valuable.

That’s what we’ll be going through in this video. As always, please let me know what you think!

DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.

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It’s main price driver was ico buying demand. That’s died. That will move on to stable coin funding, bnb IEOs etc. So it’s left with a gas as the driver. That’s a small demand especially on a platform with few users.

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Eth may well do well in the next bull run – swimming in the slipstream of BTC. But eventually it's pointlessness will become apparent and it'll go to close to zero when the unicorn cucks move to the alpha male's favourite currency.

BTC is slow which makes it safe. It does very little which makes it safe. This is easier for people to grasp and level 1 for getting involved. BTC seems like better bet for investors for now. But ETH needs time to show value. In short run, still think ETH price is low currently.

Dude, do you even know what you are talking about? What's the total supply of ETH, you idiot! It's INFINITE! ETH is valuable… maybe but its price should be very close to ZERO, especially if it wants people to use it everywhere given its infinite supply!

If Ether is digital oil, it's digital oil that doesn't get 'burnt' on usage. The oil analogy falls apart; utility drives oil price up, because oil is 'burnt' with use (reduced supply). Ether doesn't get burnt with use and therefore usage doesn't equate to increased value (supply doesn't change).

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