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0 pointsflixic5y ago0 comments

Well, if Ethereum 2.0 "never shows up", that's $5.3B locked in a contract[0] that "will never do anything". I think $5.3B is sufficient motivation to get it released.

[0]: https://etherscan.io/address/0x00000000219ab540356cbb839cbe0...

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lmm5y ago

In a world where Ethereum 2.0 turns out to be difficult or irrelevant, the value of that contract will drop a lot for the same reasons.

jki2755y ago

But it's not. Not really.

That's the same as claiming that the "market cap" of a cryptocurrency has some meaning. It really doesn't.

Both of those statements assume that somehow every ETH coin ever minted can be sold for the asking price right now. That's an obviously laughable assumption.

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