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RE: Step Back, Elephant in the Room: it's time to talk about the price.
The price of Ether is far too high. But it can be explain as lots of people locked their ether on token sale and billions get injected by investors in cryptocurrencies every month since January. Investors don't need to understand much at the moment about the crypto space, they can just put money in the top 10 and get a pretty good profit at the end of the month.
It might not be "too high"
400$ might be what the ICO platform is worth. Can't wait to see what the world computer will be worth once there is a robust smart contract ecosystem.
Can't blame the people making money for the price.