Martin Koppelmann

But we need dollars for euros.

Right.

I mean, it's a combination of many things.

So I think the foundation is this big vision.

And the big vision is we will create something really big and something that is as big as the Internet and has as big effects at the Internet.

Short term, of course, it's currently a bubble.

There's, well, little question about it.

So currently it's speculation.

Price is going up like crazy.

Ether went up.

three or four thousand percent this year um or in numbers it was at the beginning of the year ten dollars now it's at 320 or something like that um so of course that's a big factor um so speculation is a big factor currently those token sales are a big factor for um for ether going up because people need ether to participate in the token sale not your token sales on like bitcoin

Yeah, it happens, but most of them or the token itself is always issued or almost always issued on Ethereum.

Which is a blockchain, right?

Which is a blockchain and which is a blockchain that basically allows you to do

to execute arbitrary code so you can create any set of rules.

And the thing that people did first is apparently to organize those token sales.

So for example, our token sale was an auction and the whole mechanism of the auction was completely controlled by the blockchain.

So we didn't touch anything.

So everything was kind of done in a decentralized way.

It's really easy to use, but especially easy to use for developers.