EthereumPrice

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1 eth = $71.58 1.20%

Today's High

$73.60

Today's Low

$67.65

Today's Change

$0.87

Market Cap

$6.53B

eth/usd

Vitalik Buterin on Governance, Infighting and Human Fallibility

Published February 10, 2017

On February 8th, Vitalik Buterin appeared on a little known “Ask Me Anything” (AMA) at BlockGeeks.com. Of the many questions that were answered, one in particular gave great insight into the inner workings of Vitalik’s mind and worldview. For those not familiar with Vitalik Buterin (founder of Ethereum), see his Wikipedia page.

I feel like I’ve been very fortunate over the last few years to have been paying close attention to several parallel situations at the same time: US politics, increasingly Asian politics, the Bitcoin block size debate, and the various issues inside of Ethereum, and I feel like this is increasingly giving me insights about how the world works, and how the world will work no matter who is running it because it arises out of laws of economics and social psychology that apply to everyone.

Many people, including very early on myself, thought that Bitcoin would somehow liberate us from the foibles of human politics, but the Bitcoin block size wars of the last 2 years have, in my opinion, proven conclusively that that has utterly not happened at all, and that the situation is in fact highly political from all sides. Backdoor negotiations between Bitcoin Core and Chinese miners, censorship, sketchy meetings that claim to be open to those from the other side, but where in reality the other side is only invited to fly halfway across the world 36 hours in advance – all of it is in there. I sometimes find myself visiting the /r/btc and /r/politics subreddit in the morning, and wondering “ok, seriously, which one is crazier today?”.

What all of this means is that corruption and political squabbling are not something that happens because a particular set of evil bankers is in charge, but rather they are natural results of incentives in large-scale social systems and the way human beings respond to them. Solving the problem can thus only be done by changing the underlying institutions. I spend a lot of time thinking about this, but so far I can only tell that the problem is deep and difficult. One sub-problem that I think we can make substantial progress on within a shorter time scale is building tools and institutions for epistemic self-defense – helping people figure out what is true and what is false, even in the face of powerful actors trying to give you a wrong answer or just plain confuse you.

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Aron Fischer On Ethereum’s Global Impact

Published January 13, 2017

Dr Aron Fischer is the lead engineer at two of the most anticipated Ethereum-based projects, Swarm and Colony. In this interview he discusses these two projects, as well as the possible impact that the Ethereum blockchain could have on society.

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Downtime on 4th January

Published January 5, 2017

We experienced an outage in our data collection for roughly 15 hours between 2017-04-01 14:56 to 2017-05-01 08:41. Data is now being collected accurately again. Apologies for the inconvenience caused – we are now working on a better system to ensure data is kept live 24/7.

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Happy New Year: Ethereum, Bitcoin, Monero

Published January 3, 2017

The start of 2017 has kicked off with a strong performance from a number of the biggest coins in the market. Ethereum, after a prolonged lull in price, took its largest one-day gain in 6 months, and a “little known” coin called Monero, continued a very strong rally after a couple of years of relative dormancy. Stealing the show of course, has been Bitcoin, which after nearing its 2013 all-time-high (on less dramatic terms) has demonstrated itself as a legitimate global store of value.

Monero’s value is arguably being driven by fall-out from Bitcoin’s highly reported price increase, but the cause of Ethereum’s price increase has not been so clear. Ethereum is generally not considered a store of value, and predictions for Ethereum’s future center on its computational ability and transactional capabilities – certainly not “digital gold”. That being said, Ethereum is facing a number of dramatic improvements in 2017, including the new proof of stake algorithm (dubbed “Casper”) as well as the release of Metropolis – the Ethereum release which aims to make the network accessible to non-technical and mainstream users.

It is unlikely that Ethereum’s price is the result of the “currency wars“, but such an increase in attention for crypto in general can only be a good thing.

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EthereumPrice.org Update

Published October 28, 2016

Update 2017-13-01: We have now also added Augur REP – augurrepprice.com

We’re providing the same great ETH data from CryptoCompare, but with an entirely new code base for much faster load times and better graphing.

Using this new code base, we have also launched sites for a number of coins, including ZCash:

Happy investing!

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