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RE: Ethernomics 101: What Makes Ether Valuable?
I didn't have time to watch the video but I think it's pretty clear what Ethereum's fundamental value is. It's a censorship free platform for smart contracts. Since it's quite slow and expensive to use in its current PoW incarnation, it's no good for gaming or mass adoption of any other high-traffic app. It's good for financial applications, though.