RE: Why Will Ethereum Fail? by contentjunkie

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ethereum · @contentjunkie · Jun 1 '17

$0.12

"which means they have to convert ETH to fiat to pay bills"

No, not all projects have to convert ETH to fiat in order to pay bills. I gave you specific examples of projects that don't.

You've made the assumption that all projects sole source of funds is a pile of ETH they dump. Why? Take the example of TaaS they intend to BUY ETH in order to payout share holders with profits earned from their fund.

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@joseph · Jun 1 '17

Which would make TaaS a security.  I am not talking about one token, I am talking about the majority of tokens.

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@contentjunkie · Jun 1 '17

$0.12

Well you made a sweeping generalization in regards to all projects. I'm wondering what you are basing this off? How did you arrive at your conclusion that a majority of projects are dumping ETH to keep the lights on? Seems more like a minority.

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@joseph · Jun 1 '17

because I tend to read contract code before investing. I invested in almost 70% of these tokens and I know what they all do to keep the lights on. What do you think these projects do with the ETH they collect?

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