this is very cool!! Amazing https://motherboard.vice.com/en_us/...out-giving-up-the-mantle?utm_source=mbtwitter
I invested at $10 bucks. Watched it go to $20 then crash to $7 after the DAO hack. ( Decentralized Autonomous Organization) it was like a side app VC fund that everyone could own a piece of and vote on projects ect. Anyway the DAO Idea crashed horribly when there was a bug found in the code of that app. There where some spam attacks announced months later and I sold out at $13. Then dropped to $7 again so thought it was a great move at the time. An ETH developer Vlad Zamfir also put out a piece on medium saying ETH isn't that safe yet "Ethereum isn't safe or scalable. It is immature experimental tech. Don't rely on it for mission critical apps unless absolutely necessary!" Hit $53 today. Doh! Still agree though that like bitcoin it hasn't solved scaling issues yet and with spam attacks it spooked me out. Very speculative . Other cryptos like DASH have had huge pumps and dumps as well. Truly a wild west market.
I got in at around 12 or so. It's been a nice ride lately. I've been thinking of doing a 10k$ spread on the coins around the 10-20$ mark and hope for one or 2 to go parabolic. Currently vested in: BTC ETH....ethereum classic had a nice rally today. XMR (monero) XRP (ripple) ltc (litecoin)
Do not own any ethers, but I believe strongly in the concept of DAO/DAC. A business entity consist of business processes that governs it functions, and this should be possible to automate using smart contracts and external API interfaces, so one can build a corp/business that is hybrid human/Algo/AI, all working towards a business goal/plan. I do own 20 pieces of bitcoin. Then I started dabbling with bitcoin it was at ~$0.35 and one could get free coins from the faucet. Did mine my coins using free electricity and free GPU so my entry price is zero dollar, so I have no risk at all.