web3/concepts/ethereum.md

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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 non-productive investment.

Ethereum has a negative expected return.

Ethereum is a security.

Ethereum is based on the consensus algorithm known as Proof of Work mining.

References

  1. Ante, Lennart. 2020. Smart Contracts on the Blockchain A Bibliometric Analysis and Review. SSRN Electronic Journal, no. 10: 148. https://doi.org/10.2139/ssrn.3576393.
  2. ———. 2021a. Non-Fungible Token (NFT) Markets on the Ethereum Blockchain: Temporal Development, Cointegration and Interrelations. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3904683.
  3. ———. 2021b. Smart Contracts on the Blockchain A Bibliometric Analysis and Review. Telematics and Informatics 57: 101519. https://doi.org/10.1016/j.tele.2020.101519.
  4. Bartoletti, Massimo, Salvatore Carta, Tiziana Cimoli, and Roberto Saia. 2020. Dissecting Ponzi Schemes on Ethereum: Identification, Analysis, and Impact. Future Generation Computer Systems 102: 25977.
  5. Brekke, Clara Jaya. 2019. Disassembling the Trust Machine, Three Cuts on the Political Matter of Blockchain T. PhD Thesis. http://etheses.dur.ac.uk/13174/http://etheses.dur.ac.uk.
  6. Brody, Ann, and Stéphane Couture. 2021. Ideologies and Imaginaries in Blockchain Communities: The Case of Ethereum. Canadian Journal of Communication 46 (3). https://doi.org/10.22230/cjc.2021v46n3a3701.
  7. Casale-Brunet, S., P. Ribeca, P. Doyle, and M. Mattavelli. 2021. Networks of Ethereum Non-Fungible Tokens: A Graph-Based Analysis of the ERC-721 Ecosystem. ArXiv Preprint ArXiv:2110.12545. http://arxiv.org/abs/2110.12545.
  8. Hartel, Pieter, Ivan Homoliak, and Daniël Reijsbergen. 2019. An Empirical Study Into the Success of Listed Smart Contracts in Ethereum. IEEE Access 7: 17753955.
  9. Jason Kolber, Adam. 2018. Not-So-Smart Blockchain Contracts and Artificial Responsibility. Stanford Technology Law Review 21 (2): 198234. https://law.stanford.edu/publications/not-so-smart-blockchain-contracts-and-artificial-responsibility/.
  10. McDonald, Kyle. 2021. Ethereum Emissions: A Bottom-up Estimate. http://arxiv.org/abs/2112.01238.
  11. Walch, Angela. 2019. Deconstructing Decentralization: Exploring the Core Claim of Crypto Systems. C. Brummer (Ed.), Crypto Assets: Legal and Monetary Perspectives, 136. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3326244.