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What Does $200 Ether Mean?

• https://fee.org, Vinay Gupta

Our market cap will approach ten billion dollars. By all and any standards, this is a success beyond anything dreamt of when the project started, and the money raised will continue to finance technical innovation for years to come. While the impact and worth of a technology cannot be measured by money alone, on this occasion, celebration is appropriate. We have done well.

For those of you who are new to the Ethereum show, let me explain what has just happened.

Two years ago, I wrote Programmable Blockchains In Context, the Ethereum launch post. It was a huge success, sat on the front page of Hacker News for a day, and really set the conversation and tone around the Ethereum project, without over-promising. I've learned a few things about explaining Ethereum now, and it's not exactly what I would have written with hindsight, but it's close enough that if you want the full depth chapter-and-verse on this new technology, that's where you'd go. If you need more depth, the Ethereum Whitepaper by Vitalik Buterin, our leader, is still an absolute marvel of clarity and deep thinking. But assuming you are a more general reader, let me explain briefly what the technology is, so we can talk meaningfully about what $100 Ether means.

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