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[–] glugglug 0 points 3 points (+3|-0) ago 

I wouldn't trust Ethereum, at all. It's hyper-inflative by design, and was most likely created by big banks as a way to devalue the digital currency market so badly that it scares people away.

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[–] InfoTeddy 0 points 1 points (+1|-0) ago 

Any sources and/or arguments to back this up?

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[–] glugglug 1 points 0 points (+1|-1) ago 

As far as why it's hyper-inflative: Bitcoin is designed such that there are a finite number of bitcoins possible to mine, and as more are found the remaining ones become more computationally expensive to find. After that point if it becomes more popular, existing bitcoins need to be subdivided to make smaller transactions rather than decreasing the value of each country.

Ethereum, on the other hand, has an unlimited number of minable ethers, which don't get more computationally expensive as more are found. Since computing power follows Moore's law (doubling every 18 months), that means that even without more people actively trying to find new ethers, or hardware coming out optimized specifically to mine them, it will have a ~60% inflation rate. I know people think Moore's law is dead... They are wrong. Between AMD becoming competitive again and making Intel react, and the promise of memristive memory from HP and Samsung (which the specs of Intel's new 3D Xpoint suggest it might be using), it is back with a vengeance. In fact, if memristors live up to the HP announcements from 2012, we will be greatly exceeding that doubling every 18 months for the next decade or two.

As far as Ethereum being backed by banks: https://www.google.com/amp/amp.timeinc.net/fortune/2017/02/28/ethereum-jpmorgan-microsoft-alliance/%3Fsource%3Ddam

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[–] 0xFEEDFACE 0 points 0 points (+0|-0) ago 

As far as I know the only part that's inflative "by design" is the mining DAG size, partly to motivate miners to eventually support switching to a different/better system. The problem being few (none?) of these cryptocurrencies can currently scale to the processing capacity needed for global credit card systems or stock trading. The solutions are in development, and ETH is basically ensuring there will be a somewhat gentle and consistent push to move on and not just flail indecisively like Bitcoin. It is a risk point, but I expect if the development doesn't go well there will be an alternative push to defuse/delay the time bomb instead.

Would love to hear the specifics about your concerns though!

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[–] draegspir 0 points 0 points (+0|-0) ago 

This is far from the truth! Please do some research (both OP and readers) on Ethereum to understand why it's such a big deal. In short, the Ethereum network is going to be the next internet that is completely decentralized. Imagine websites and app stores that the government CANNOT take down.