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by nivertech 2980 days ago
> Ethereum tokens are virtual commodities useful for purchasing computational services on the Ethereum network

Wrong, ETH isn't a virtual commodity, gas is. But gas isn't tradable, it's a virtual Unit-of-Account which uses ETH as the only accepted payment method.

IMO, ETH is a tokenized membership unit* in Stiftung Ethereum and by proxy a stake in the Ethereum mainnet.

*) Stiftungs not supposed to have memberships or shares, but that is the genius of Ethereum founders that they found a way to hack non-profit Stiftungs in order to use them for for-profit activities.