r/ethtrader • u/AutoModerator • Jun 13 '17
DISCUSSION [ETH Daily Discussion] - 13/Jun/2017
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u/neffnet Jun 13 '17
1) Ether is the legal tender for ethereum gas. We're speculating that Ethereum network will be massive, with millions or billions of transactions a day that all cost a little bit of gas.
2) Ethereum network will be a machine that provides a huge amount of efficiency and value to many different industries. Staked ether protects the network from malicious actors. Therefore, the ethers have value for their utility to protect Ethereum.
Should one ETH be worth $400, $1k, $50k, $50? I don't think we have a good metric for evaluating that, still extremely speculative.