Ether

“If you believe that Ethereum is a future digital economy, that it really is going to act as the bedrock for so many businesses, then Ether is almost a stock. It's almost stock in Apple. You can buy Ether to take a bet on the future of Ethereum, because if you …”

“It's about two percent of all ether is, is held in the MakerDAO contract, and now that's hard capped by the protocol.”

“Now I do think it almost starts to create systemic risk at around, say, five percent of all ether.”

“Something like about a million new DAI come into circulation every week as people lock up ether and issue against it, which is so cool.”

“The volatility of Bitcoin and Ether are such that they're moving five or 10% in a given day, and no one that's actually using it as a medium of exchange for something or placing bets would actually want to use that, right? So a decentralized stablecoin, in my …”

“Bill Hinman, director of corporate finance at the SEC after he, after they declared Bitcoin sufficiently decentralized so that it's not a security and put Ether in that category as well the token on Ethereum.”

“Less, less, less than 10%. Less than 10%.”

“No, I did it when it was almost 400.”

“For that layer, both both digital currency can work. Yeah, and then you go a little bit further where there are function, functional specific utility that cannot be achieved by ether, such as this witness Witness program would be running these only decentraliz…”

“Because we raised we raised about five dollar, five million dollar equivalent ether.”

“We liquid about 80% of the ether post crowd sale. We remain about 20% ether in the smart contract for because we don't Yeah, we don't need them, the amount of cash in the bank.”

“If you had, that was in September, if you had waited just six months and liquidated all those shares at the 372,000 shares at the current price, which is almost 200 bucks, you would have basically had seventy four million dollars in cash in your bank.”

“I think there will be a slight to quality. So people would Sell their tokens for Ether, and potentially sell their Ether for Bitcoin. So, it would crash a lot of the ICO tokens, a lot of the altcoins, but I think it would be good for the stronger currencies ou…”

“The DAO collected a hundred fifty million dollars worth of Ether, so it was the largest crowdfunding back in its time.”

“If Slocket would go down, then the smart log would still work. It would still accept Ether as a payment because it would listen to the Ethereum blockchain. So as long as the Ethereum blockchain is still live and running, This log will always listen to it.”

“And I mean, we collect ether, and we sold a bit already for fiat, so that we can pay our bills, but also we already pay most of our expenses in ether directly, so we pay our employees in ether, for example.”

“We don't, we're not actually involved in converting US dollars to anything else. We're, we don't get involved with money transmission or anything like that. We don't distribute ether either.”

“It was never meant as a coin or as a currency. It was meant as a fuel or product to incentivize people to contribute resources into the network.”