A Quote by Cameron Winklevoss
Ether is the token of the Ethereum network, which is focused on disrupting contract law.
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Ethereum may make monetary policy decisions like, 'Let's do 1% inflation to support the ongoing development of the Ethereum protocol.' A token built on Ethereum might want to do the same.
In 2017, people have realized there isn't going to be one crypto to rule them all. You're seeing vertical solutions where XRP is focused on payment problems, Ethereum is focused on smart contracts, and increasingly, bitcoin is a store of value. Those aren't competitive. In fact, I want bitcoin and Ethereum to be successful.
There is nothing that Bitcoin can do which Ethereum can't. While Ethereum is less battle-tested, it is moving faster, has better leadership, and has more developer mindshare.
I generally support just about every secession attempt that comes along. If, in the future, there is that kind of a dispute in Ethereum, I'd definitely be quite happy to see Ethereum A go in one direction and Ethereum B go the other.
It doesn't always make sense to have a token on the blockchain that is both useful and represents ownership - it has to be something where there's a network effect. That's why I cite Facebook as an example of what could be disrupted more so than, say, Amazon - which is bit more centralized and is not exactly a network of users in the same way.
The whole mass of any body is just the mass of ether surrounding the body which is carried along by the Faraday tubes associated with the atoms of the body. In fact, all mass is mass of the ether; all momentum, momentum of the ether; and all kinetic energy, kinetic energy of the ether, This view, it should be said, requires the density of the ether to be immensely greater than that of any known substance.
It is true, that a Law of Contract based on causae will always be an arbitrary and inelastic law; but it is a kind of law with which some great nations are satisfied at the present day.
A token like ethereum has gone up 10 times faster than bitcoin, and it's fueling an ICO bubble no different then the dot-com IPOs of the late '90s.
If you look at the market cap of Ethereum before the hard fork and the split into Ethereum Classic, the combined market cap of Ethereum and Ethereum Classic is greater than the market cap before the split - and everybody got what they want.
When a law is in its nature a contract, when absolute rights have vested under that contract, a repeal of the law cannot divest those rights.
They say much about the Einstein's theory now. According to Einstein the ether does not exist and many people agree with him. But it is a mistake in my opinion. Ether's opponents refer to the experiments of Maykelson - Morli [Michelson-Morley] who made attempts to detect the Earth's movement relative to the fixed-bed ether. These experiments failed, however it didn't mean the ether's non-existence. I always based as fact the existence of mechanical ether in my works and therefore I could achieve positive success.
The purpose of the Filecoin currency is to create a fungible token that can be spent to hire the miner network to store files. The first and foremost use of the currency is precisely this: locking it up as a reward to miners who successfully store data on the network.
I went right to Chicago to do improv [after law school], but I wish I had gone, "Let me just bypass this law thing." I mean, sure, it helps you read a contract, but I can read a contract regardless. It's just common sense, contracts.
The courts are run on COMMERCIAL CONTRACT LAW and that is has NOTHING to do with any IN-LAW procedures whatsoever. So the nature of the game is to OBTAIN a CONTRACT with your OPPONENT (Adversary) so that the court can acknowledge and RATIFY the contract and SETTLE and CLOSE the case and move on and if you understand that EVERYTHING in there is happening by way of CONTRACTS instead of trying to get the truth out then MAYBE you'll get the truth to prevail by following the CORRECT procedure to get them to acknowledge the truth by CONTRACTUAL CONSENT.
Although the Ethereum blockchain is a public blockchain, it is great to see private and consortium blockchains using the Ethereum code base actively under development.
When a law is in its nature a contract, when absolute rights have vested under that contract, a repeal of the law cannot divest those rights. The people can act only by their agents and, within the powers conferred upon them, their acts must be considered as the acts of the people.
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