Bitcoin Forum

I've got a question regarding Ethereum in general.

Let's say ETH falls apart with it's price.
How does it affect coins which are based on Ethereum? Do they also take some damage or something?
How they're connected with each other if at all?

Another thing is - I've read somewhere that ETH founder (Vitalik Buterin) can wipe all of your ETH with one command or something like that. Is it some meme or is it actually true?

Eth's CEO Vitalik can wipe out everything. That's the truth. No meme there. That's why we got ETC.

As for the other question, I also wonder the answer.

Ether and other coins that are based on Ethereum network are tokens that are supported by the network. So they all use same blockchain (and ether is the one needed for the user to pay a fee to the network, no matter which token you use). WHich makes the Ehter no1 out of others. Still other tokens price doesn't need to be much related to Ethers price.

They are conectet by the Ethereum Blockchain and they all are tokens on it - they run as a smartcontracts on it.

He can delete all the coins but if he do this however I am sure that there would be another split (like the one that happened in the past and we have ETH and ETC).  He can try to delete it but people can just take one block and say we copy all the block ending with block XXXXXXX and make a new version of ether.

Vitalik Buterin and The Ethereum Foundation have 70,000,000 ETH (77% of capitalisation)
Yes, he can sold it and finish the comedy.
This is also true for Ethereum Classic.

You want Ethereum-based coins?
Have Expanse coin:
https://poloniex.com/exchange#btc_exp
same performance for low cost, only $3 now

Here are some boring numbers:
https://image.ibb.co/iWGd2k/ANNUAL2.png

in my opinion, ETH is the leader, other altcoins easily influenced by ETH, when eth price go down, other coin must pump relevantly

ETH tokens follow ETH price. So yes most will go drastically down when ETH will go drastically down. 
ETH was marketed as an unstoppable code, but that is false and was already proved how they approached the DAO problem. You can see that as an example how they will act in future. Yes Vitalik can stop any code on ETH. But that is today. Maybe tomorrow that guy will be Donald Trump or Vladimir Putin, or even  Kim Yong Un.

If Ethereum dies, then all the Dapps on it go with it, it is natural unless there are some who hedge their bet on smart platform of RSK.

Thank you guys for all the replies :)
So, I assume that long-term investing in ETH and all those ETH tokens are kinda risky, isn't it?
Why there is still more and more coins based on ETH when they all can be shut down so easily?

I can say "yes", invest a token from ETH have risk and not better than invest to ETH if you not have knowledge about ICOs and patience for waiting project ICO successfully, example STRAT need one years for prove is an altcoin strong and very potential !

I think the answer is yes for every cryptocurrency, and ETH is more stable than most of them.
IMO the scenario of Vitalik deleting everything is unlikely... (I could think of other scenario that are more probable)

Most tokens follow ETH's price but mainly they are connected for two reasons they were funded in ETH and if the price fall is due to something like network congestion that makes the network unusable it obviously also makes it impossible to move around the tokens.

Vitalik can't wipe all the ETH with one command, if he tried to implement something too contentious there would be another fork. Some people even suggest he won't be able to move ethereum to proof of stake as planned because the miners want to keep their profits.

That is other question. OP asked if how related are tokens to ETH price. If something happen with ETH then tokens will yes first drop in price, then they wil move on other asset platforms. ETC, XCP, NXT Bitshares, ...

I would love to see a source for this.

If Vitalik is that powerfull and has a red button for ethereum then you cannot call it decentralized.Id like to see source of that legend too

Ether has infinite coin supply!! :o yes

i do not trust ether and ripple! i do not trust a cryptocurrency with infinite inflation, then a lot of new money will create a lot of inflation, and an infinite quantity of new money will created infinite inflation.

As Bitcoin’s usability declines, Ethereum has become a popular substitute for the largest cryptocurrency. Unfortunately, this has led to the rise of some of the same issues facing Bitcoin: scalability and privacy. While it’s understandable that any major cryptocoin would eventually have to deal with similar factors, Dash has already solved both of these problems. Years ago.

more details here: https://www.dashforcenews.com/ethereum-ran-two-problems-dash-long-since-fixed/
;)

When you buy an ETH based coin you are hoping that Ethereum doesnt crash, but events show the ETH network being a mess that's not sustainable. I wouldn't gamble too much, if you buy these tokens, get your profits out asap.

Not just that, ICO token holders will want to trade for bitcoins and ETH then fiat once their tokens are listed in the exchanges. Since there is too much ICOs in the market, and most of them will not work as promised then I speculate a major crash in the token market most probably starting by the middle of next year.

There is also rumors that the US government will come after the people behind the ICOs. The will run for cover now and the best way for them to hide their wealth is in anonymous coins. Monero is a good choice. But I hope Aeon will also be ready by that time.

Yeah , totally true . All the altcoins in the starting was based upon the network of the Bitcoin but Eth based coins comes in the existence after the success in the market for the ETH coin .
After the Bitcoin ETH has more numbers of the coin under its network of block .
So this is the truth that the admin of the ETH can control all the money and coins that are operating under ETH .
And also I am 100% sure that the admin have a control panel like emergency to seaze all the network to save the money and security , so that no one get decived by the coins .
So due to these control units we have a big trust with ETH coin for security of our money .

So basically, other smartcontracts are based on Ethereum blockchain but it's not influent too much to each other so Eth price down won't affect much to other currencies.

Did you see what was happened with the coinmarketcap? Looks the price of token is not pegged with the ethereum but it can't be determined as the internal factor has the big role to the token's market.

And it is not true in my opinion.

the price of each erc token doesn't depend to ETH.


its all true to all coin even bitcoin if that is what you mean wiping out everything. seem you got it all wrong. the issue why they got ETC isn't because Vitalik can wipe out everything. if you got it all wrong then its not going to make sense to talk you about it.

go to ele coin before difficulty starts rising later on it will be worth something

Many coins based on ethereum's blockchain one of them DDF, why they choose ethereum because
Ethereum is the fastest growing digital currency in the blockchain market. Each of these cryptocurrencies; bitcoin and Ethereum, are unique. Bitcoin blockchain tracks ownership of digital currency, while Ethereum blockchain operates the programming code of a decentralized application. This difference leads to huge implications. Instead of being restricted to a single use, Ethereum is used for creating unlimited distributed applications.

DDF believes that Ethereum ICOs are innovative and democratic funding processes, as they generate new crypto tokens and enable their exchange with Ether

https://bitcointalk.org/index.php?topic=1992157.0
That is topic about DDF for detail information.

Have Expanse coin:
https://poloniex.com/exchange#btc_exp
same performance for low cost, only $3 now

Ethereum Ran Into Two Problems DASH Long Since Fixed:
https://www.dashforcenews.com/ethereum-ran-two-problems-dash-long-since-fixed/
 ;)

Xbiv,

I found your numbers interesting. Where did you derive the 'capitalization' from?  I.e. the 'real' numbers?

i do not trust Ether and Ripple! i do not trust a cryptocurrency with infinite inflation, then a lot of new money will create a lot of inflation, and an infinite quantity of new money will created infinite inflation. so i already traded all my BTC and ETH for the crypto called Dash Digital Cash. The Dash Digital Cash does not need a SegWit, a true cryptocurrency does not need a SegWit

Tokens only matter if they're backed by ethereum. So are not and some are, it depends.

The price of each token doesn't depend to the price of ETH, this isn't what it looks like. But ETH is indirectly dependent to the tokens operating on it. If we all are using EDGELESS to play blackjack the whole day and moving EDG from wallets to wallets, we would be needing more ETH for gas which increases the demand of ETH which directly  affects the price.

I don't think ethereum based ERC20 tokens are directly linked to ethereum prices. Most of the coins are traded against bitcoin like XXX/BTC. Ethereum trades are very rare in the market. In addition, if ethereum falls, the market probably falls too.