It’s been going since 2022, so we will be turning 3 in May. :)
Although I’m a Bitcoin maxi, I think it’s superpower is store of value,, so it limits the scope of potential guests and conversations.
I think Ethereum isn’t great as a store of value, but it’s essentially the programming network where all the building is happening that’ll have a profound impact on humanity. A lot of mind blowing things going on there. 🤯
Fair enough… but my question is why does it need a token? I really am coming from a good place as i know zero but don’t see what ETH does that some fancy code could do without the token..
Fair questions! The token secures the network and is what is used to pay for gas to execute smart contracts.
Please blow our minds, what’s something profound that we are missing out on by ignoring Ethereum?
Compostable smart contracts.
They’re not mutually exclusive or competitive. Kind of like how a house needs both doors and windows. 😉
I have no idea what this means.
“Please blow our minds, what’s something profound that we are missing out on by ignoring Ethereum?”
Let’s take a step back. Why would someone ignore Ethereum?
“It’s the mother asshole from which the shitcoins spring.”
OK, I see what is going on and the person Lex is talking to is using the wrong terminology.
Ethereum isn’t a token. It’s a network. Its super power is programmability.
The network has MANY tokens and one of those tokens is Ether (commonly abbreviated as ETH), and that’s the gas token. It’s used to execute to smart contracts. It’s not scarce, and I don’t know too many people who view it as an investment at this point. You have it to pay for gas (transaction fees).
Clearly it’s a very secure network.
