What was the early sentiment around ETH like? What complications did it have early on and how has it grown from those? What do you or don’t you like about the current state of ETH?
Thanks!
What was the early sentiment around ETH like? What complications did it have early on and how has it grown from those? What do you or don’t you like about the current state of ETH?
Thanks!
I bought ETH late 2017 at about $600 per. I rode it up to $1300, down to $100, up to almost $5000, back down and now it’s about $2000. After all that, I can’t say I have the faintest idea what it does or where it’s going. It could be worth $10000 in a year or back to $100. What I do know is that defi is, at least now, too insecure and unstable to be real. The idea that “smart contracts” would revolutionize commerce seems far fetched. The need for intermediaries for due diligence and compliance will always be there. I don’t know enough to comment on decentralized apps generally, except to say I’ve not seen any in action and would welcome any insight anyone could give. On the plus side, ETH is no longer inflating, seems to be deflating a bit, and could become, as some have suggested, ultra sound money. How long will I hold it? Beats me. So far greed has held off fear, but I guess we’ll see. I’m not getting any younger.
such a hard hodler.
Great answer!
Too unstable to be real? Surely it is real. It will naturally take time to solidify code to secure trillions of dollars of value. But we are already doing billions. You don’t think value on Ethereum is going to increase? I expect it will.
You’re much too concrete. Increase? Who knows. That’s the point.