Ethereum Boom

In the last 24 hours Ethereum market cap has risen over 30%. the price is now over $5 

USD. this make it the second largest crypto currency (alternative to bitcoin). Over taking Ripple and Litecoin, it's a serious currency worth $480mil. It's not the name of a computer game, but as in the sci-fi game, it is not clear whether Ethereum is as innocent as it may seem.

If you thought bitcoin was complicated, Ethereum is a googleplex. It is nerd central and although there are some slick products coming out of it, you really need programming knowledge to be involved. The currencies ambition is huge and its image is good. It's not really even a currency, its like an energy for everything. however in order to attempt this the source code is hugely more complex than that of other crypto currencies. Its an exciting and positive goal, and its more trendy than bitcoin, but is it to ambitious? 

Considering that the public are still struggling to grasp the potential of more simple crypto currencies like Bitcoin and Litecoin, it may unintentionally become a divisive and elitist force. This complexity could put outsiders off crypto currencies as a whole or it could act to divide the crypto community. Anti-bank factions have traditionally been able to rally against Ripple but now Ethereum may be used by R3. This would make Ethereum both good and bad from that point of view. I think Ethereum is a good thing but certainly, what was once a clear is now very cerebral. Much more discussion is needed and it won't sound like a presidential debate.

Nerds and hipsters are angry and it looks like the Ethereum boom is far from over. In line with yesterdays Star Wars theme, the crypto currency dark side could indeed be getting darker. Ethereum enthusiast Woods says “The idea of making certain things impossible to legislate against is really interesting”. It is scary interesting, Ethereum could be a programmatic king hit.