Just curious what you guys think. In a way ethereum and the people working on the project seems similar to other tech companies like Snowflake, AWS, Palantir etc… They provide you with a tool which can be used in a wide variety of applications. Sometimes you can even build applications on top of these tools. And they continually maintain and evolve that tool over time.
Snowflake is worth 40 billion dollars, Palantir 20 billion, I don’t know how much AWS would be worth if it were spun off of Amazon.
Meanwhile Ethereum’s market cap is at a whopping 230 billion.
Pretty much every tech company and large business relies on and uses AWS in some capacity. Quite a few tech companies use Snowflake. But I don’t know a single large tech company that has any use for ethereum or any other blockchain technology.
I don’t even know what applications it has for ordinary people. Aside from trading and speculating on.
Which makes me wonder why people believe ethereum is worth a market cap of 230 billion? The people working on it aren’t even structured as a traditional company. They’re pretty much all volunteers.
Submitted May 30, 2022 at 03:29AM by Gloomy-Pineapple1729 https://ift.tt/eFc5LEY
