Ethereum update: Serious question – Isn’t the price of ether going up bad for ethereum?
I’m fully expecting this question to get knee-jerk voted down and not get the answers I’m looking for but anyway, here goes…
Gas is needed for the ecosystem to function. Seems to me that if the price of gas went up, it would make it really hard to conduct a lot of activities because you would make a loss on every action.
So by that logic, when price of ethereum goes up, the actual use of ether and activity on ethereum platform would go down ..
I think it’s same as bitcoin now – so expensive (and slow) that no one I know uses it for anything really.
So I was getting excited about low prices and about to buy when I had this thought .. can I have some serious replies please?
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: arul20
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