Ether

“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.”

“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.”

“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.”

“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.”

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

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

“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…”

“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.”

“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.”

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

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