Whenever bitcoin and/or other cryptocurrencies are being discussed, I often see "buy ethereum".
Those of you who understand, can you explain for us why ethereum is worth investing in?
As someone who develops related software, Ethereum is mostly useless. It's fueled by bitcoin hype from people who latch onto buzzwords and don't know what they're talking about.
Yes it's programmable, but the API makes no fucking sense whatsoever and it's pretty limited what you can actually make with it. It's an interesting research project, but beyond that it's not worth getting all worked up over
What about this:
>"Every institution in the city I have spoken to is looking at Ethereum to build their blockchain apps for the next five to 10 years," declared Ethereum communications officer Ken Kappler. "It is basically the only game in town".
>Ethereum is mostly useless
The network is a few months old. It's still in development. As more companies and products are built on the network, the value of the network will increase dramatically.
You're being extremely callous. It has quite a few cool properties. It's the first truly distributed computing platform (multiple owners, guaranteed persistence) that can be used by anyone for a small amount of money. If the network becomes extremely efficient, it'll allow quick development on certain projects because people won't have to work about backends/hosting anymore.
The platform is open by default. The smart contract ecosystem is intended to allow people to build off of one another's contracts without their permission. There is nothing else out there like that. You'd need to have a company expose their data with an API.
I am kind of torn... im holding more nxt than eth and wanted to build an app that uses the nxt system, but now i kind of think that energy is better spent on the ethereum platform... as it is gaining more traction