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I was wrong about Ethereum

I was wrong about Ethereum because it’s such a good store of value… no wait, let me try again.

WhalePanda
Jun 12, 2017 · 9 min read

I do admit I didn’t see this Ethereum bubble coming

Ethereum’s sole use case at the moment is ICOs and token creation.

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What’s driving the Ethereum price?

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Can you blame them?

Supply:

Demand:

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What will the price do next?

It’s not a question of “if”, it’s a question of “when.” That being said: Markets can remain irrational for quite a long time.

Taking responsibility.

The reason why I say that it’s with developers, Consensys and the Ethereum Foundation is simple:

Let me illustrate this with an example.

Let’s take a look at the advisors:

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Nothings wrong with being an advisor, but when you’re just sending people to the slaughterhouse…

The [damn] regulators will step in after this bubble pops and what scares me is the fact that it will damage all of crypto, including Bitcoin, not just Ethereum and its ICO’s.

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But you’re just an Ethereum hater.

I’ve heard all the accusations:

For the people that are scared that Ethereum will replace Bitcoin

Ethereum is not a store of value.

Even Ethereum developers think that his is a very likely scenario.

Ethereum is not decentralized.

Ethereum is not immutable.

Ethereum has the Enterprise Ethereum Alliance.

Conclusion:

What could potentially go wrong.

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Startup Grind

Stories, tips, and learnings from and for startups around…

WhalePanda

Written by

Crypto OG. Talks about Bitcoin and sometimes other cryptocurrencies.

Startup Grind

Stories, tips, and learnings from and for startups around the world. Welcoming submissions re: startup education, tech trends, product, design, hiring, growth, investing, and more. Interested in submitting? Visit our submission form here: https://airtable.com/shrShpeN89HrzCzOB

WhalePanda

Written by

Crypto OG. Talks about Bitcoin and sometimes other cryptocurrencies.

Startup Grind

Stories, tips, and learnings from and for startups around the world. Welcoming submissions re: startup education, tech trends, product, design, hiring, growth, investing, and more. Interested in submitting? Visit our submission form here: https://airtable.com/shrShpeN89HrzCzOB

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