@bbc.reporter first there will be hybrid pos/pow so if something goes wrong and needs fixing, platform won't "crash and burn".
About
It might be possible that the real value of the Ethereum as a platform now does not justify the price of the ETH tokens.
Who decides what's the "real value" if not people who either use the platform's contracts / dapps or
simply speculate ? Keep in mind that nothing happened in eth's history that could cause constrain of the supply to artificially increase the price ( like in dash's case, for example). And the volume is big enough to really balance the price so an artificial pump to artificially increase token's price wouldn't hold.
Are you saying that it is really possible that the price of ETH does not justify the real value of the platform? You said it yourself. Also do not be very naive when you are trying to imply that no one is pumping ETH. There will always be pumps as long as it is listed in an exchange.
You do remember the times where these other wannabe projects were pumped with news like "omg X was mention on Y cryptocurrency news site" or "omg X has a wallet omg omg". Ethereum changed all that, now these shit projects had to actually do more to actually stay competitive, so basically ethereum dragged them all from the mud.
This could be subjective because coders from Blockstream could say Ethereum is a wannabe project.
Atm ethereum, for the cryptocurrency/blockchain scene, is even more important than bitcoin. The difference is ethereum is not a religion like bitcoin, because bitcoin was the one where people invested 100$ and became millionaires, so the get rich dream is still fresh.
That remains to be seen. But I hope and wish it will be.
Plus, you do realise that if EF manages to do what's written on the roadmap ethereum will become the most important IT project of the past 30 years ? Excluding quantum computers ofcourse. Price simply represents how likely people think it is for ethereum to succeed in that regard, and so far it is a huge success but the road ahead is still long. Also the value is caused by the fact that it is extremely easy to become an investor thanks to blockchain technology, and becayse ethereum's value has backing in what happened in the past 2 years, compared to most projects who are mostly vaporware and underdeliver ( like some of these wannabe currency projects that can't even compete with ETH in that regard ).
That is again a subjective statement. Right now the platform has no real utility and all the dapps and tokens issued for now operate under the rules of supply and demand. The interest from the community is mostly for the purpose of speculation and some developers embrace it because it brings more money to them.