I have told people for a LONG time now (those people please stand up) that Ethercoin was meant to set a precedent that would bring it a market valuation in the billions right out the gate.
Does anyone have the numbers of how many ethereum are going to be on the market at launch?
Each Ethercoin (there are only 1,000,000) is exchangeable for 1 Ether. This is a brilliant maneuver though most will not see why.
At the current marketcap of Ethercoin, what would each ether in that system be worth? Looks like 32.
Now lets say there are an initial 1,000,000,000 Ether, we are looking at a Precedent set at 32,000,000,000 marketcap at launch. They dictate the reality. I told you guys from the very beginning Ethereum was backed by the wrong people...but who cares. Most people will laugh...but just continue watching.
I didn't invest based on principles...apparently principles always fuck you.