The ENS (Ethereum Name Service) has proven itself a success. At the rate tokens are being locked up, if it has now surpassed the rate that mining inflates, then we are seeing the first truly popular deflationary spiral. This is the opposite of inflation where instead of increasing the supply such as with Proof of Work in Bitcoin, or even with Steem, we now could be seeing in Ethereum a decreasing supply from day to day. Each big token lock up like this takes many more tokens off the exchanges and off the market and 188,889 is a hell of a lot of tokens. ENS might be the best reason to hold onto ETH as it's making it harder for holders to want to sell while also providing a utility.
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Not really banking on ETH personally, although this move spells an increase in price point. I'm banking on #EOS which will be a true ETH slayer. That's the long haul bet. That's where the smart money will go.
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EOS can have better tech but not be as good in terms of which token do you want to be holding for speculative purposes.
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Oh yeah, I'm not talking about speculation, I'm talking about long-term.
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We will soon find out the who is who of the EEA in the next week at the Consensus meet up. Someone knows something to be putting that kind of money in a bid for ENS .eth domain. Additionally, Aragon raised 22 million of ETH in a few minutes today locking a good portion up for the next few years.
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Nuts. This is all crazy stuff...so exciting.
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Ether just took off. Looks like it may push through $100 tonight.
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Steem seems highly underrated due to the fact many Steem Apps are launching here over the next 6 months that may drive high levels of usability to the Steem token.
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the longterm ETH play is looking better and better with the BTC spam attacks and block size debates. fun times in cryptoland.
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too bad I sold of my eth for other project such as Tezos and waves platform
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Tezos isn't even released yet.
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Interesting.. I'm gonna go look around for links on this ENS thing.
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ENS Whales hoarding names!
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great content. Consider joining the ENS community on our sub/r/doteth and our slack (link in the sidebar).
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Beautiful :D
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