Are World’s Elite Really Buying Into Ethereum?
Are World’s Elite Really Buying Into Ethereum?
Earlier this week, sources including Business Insider revealed that John McAfee-led cyber security company MGT Capital has started to mine Ethereum alongside Bitcoin.
Mainstream media outlets including Business Insider have presented rather irrelevant narratives with headlines such as “Ethereum is Up 4000% This Year, And The World’s Elite Are All Buying In” with the sole announcement from MGT Capital to mine Ethereum using its cryptocurrency mining facility.
World's Elites are selling this shit right now :)
It's money they have to be there.
Yes. It's truely the next big innovation, smart money knows that.
yes it's a new learning curve for all.
Ethereum, ETC, EOS, Tezos - they all offer similar competing concepts. Who knows which one will come on top in 2 or 3 years from now.
they will all win in the end.
Indeed that can be the case, but we do see from history of other industries that competition can drive out even the strongest and most innovative players out of the market.
After the success of Windows OS there were attempts to establish a competitor to it. But now we do see that even the market is not a monopoly, it's indeed an oligopoly of some sort. No fierce competition whatsoever.
Android was born