1.5 KiB
Ethereum
Ethereum is a cryptoasset that extends the bitcoin model to allow the execution of smart contracts.
Properties
Ethereum is not a currency.
Ethereum is a speculative investment.
Ethereum is deflationary.
Ethereum is a bearer instrument.
Ethereum has no fundamental value.
Ethereum has no use value.
Ethereum has no income-cashflows.
Ethereum has a present-value of zero.
Ethereum has a terminal-value of zero.
Ethereum is a greater-fool theory asset.
Ethereum is a form of gambling.
Ethereum is a non-productive investment.
Ethereum has a negative expected return.
Ethereum is a security.
Ethereum is a bubble.
Ethereum investing is a negative-sum game.
Ethereum has a narrative economics based on technosolutionism, libertarianism, regulatory-arbitrage and aspirations of private-money.
Ethereum shares a payout structure similar to a Ponzi scheme.
Ethereum is based on an energy intensive consensus algorithm known as Proof of Work mining.