[2017-06-20]Move Over, Bitcoin. Ether Is the Digital Currency of the Moment.

[Baofeng]

Move Over, Bitcoin. Ether Is the Digital Currency of the Moment.

The price of Bitcoin has hit record highs in recent months, more than doubling in price since the start of the year. Despite these gains, Bitcoin is on the verge of losing its position as the dominant virtual currency.

The value of Ether, the digital money that lives on an upstart network known as Ethereum, has risen an eye-popping 4,500 percent since the beginning of the year.

https://www.nytimes.com/2017/06/19/business/dealbook/ethereum-bitcoin-digital-currency.html

[Iranus]

Ether's promotion is trash.  It's potentially useful for some things, but at this point when you see articles like this treating price as if it's the only factor, we have a problem.

It becomes a self-fulfilling prophecy, like this:

Person 1: "Hey guys! Look at this cool new thing I found! It's called 'technology'!"

Person 2/3/4/5: "Damn dude, that's some smooth technology.  I'd better buy some of that."

Person 6/7/8/9/10/11/12/13/14/15... "Wow, the price has gone up loads recently!  Looks like I can make way more money off of this than Bitcoin!  Oh yeah and also, technology..."