pdo posted on November 16, 2019 15:30:16
When I first got into crypto, Ethereum was the first project I looked at. I'm a developer so I have the skills to dig around a ETH development framework, such as Truffle. I find the whole ecosystem confusing. The idea of smart contract and programmable blockchain sounds fancy. But like many things in software, fancy is a gloss for complex technology that doesn't work. I followed ETH development but didn't find a good and simple use case that really gains adoption. I think CryptoKitties was probably the most notable project.
After ETH, I studied Bitcoin BTC. I find it is more focused. BTC only wants to be money, in particular, digital gold. BTC clearly captured this market. ETH is like a research project. ETH is general purpose and programmable. It lacks focus. Their leaders often change narrative and pitch endless new ideas.
I continue to watch the project but I'm not a long-term investor in ETH.
Disclosure: I'm long Bitcoin (BTC) and Bitflate (BFL).
kurtwuckertjr posted on October 27, 2019 22:22:33
In a basic sense, Ethereum is a distributed state machine, which is cool enough, but it can’t scale because it needs all states to settle on all nodes in order, so has limits stop Ethereum from doing anything over 15 tx/sec which is nowhere near enough for a “world computer.”
The funny thing is that we now know that Vitalik and Lubin knew Ethereum couldn’t scale, but they lied and said that it could so people would buy ETH that they would use to pay to bootstrap Ethereum 2.0, which is about 18 months behind schedule now, by the way.
Add in all the bugs, the developer centralization, the hostility toward miners and Ethereum is little more than a platform used almost entirely by exit scammers who created fake, illegal securities and dumped them on unsuspecting consumers who didn’t understand what they were buying.
Ethereum will likely go down in history as one of the biggest scams in history.
mistergrin posted on October 16, 2019 12:08:29
Yes I know they are slow at shipping and could benefit from a more structured approach when it comes to the Ethereum Foundation. But alas this is a decentralized project and Vitalik is not CEO.
Yet they are pretty damn genius, the leaders behind Ethereum - Vitalik, Vlad, Joe Lubin, etc. I've watched their talks before and they are so damn smart when it comes to the technical side of blockchain and cryptography.
Vitalik has heard the critics that say that they have to ship faster so they are working hard on launching ETH 2.0 soon -- which has quite an impressive architecture for scalability improvements (sharding, moving towards Proof of Stake).
Not to mention adoption is impressive, DeFi has a record amount of $ locked into its various protocols like MakerDAO, Compound Finance, Augur, etc. I really love this project and the network effects it has created. I think all other smart contract platforms are way behind and even if their tech is "better" they have almost an insurmountable challenge of overtaking Ethereum's current lead.
Mackody posted on October 01, 2019 18:29:07
In terms of ease of onboarding, adoption, and ecosystem—ETH is leading the pack. The various ERC-XXX token protocols such as -720, -721, etc. Helped created the non-fungible token which is the technology behind popular games like CryptoKitties. Ethereum has also opened a new venue for digital artists to monetize and tokenize their works. Overall it’s a strong project with tons of backing. Only downside is GAS. Gas has gotten absurdly expensive and Ethereum has yet to prove that’s it’s ready to truly scale to the network capacity it needs to serve mainstream adoption
blackswan posted on September 13, 2019 04:48:30
Eth in my opinion is a must in any portfolio. They are very active and many clever heads work on the platform. Eth 2.0 is in the pipeline which will make it have super powers compared to what it already does in the Defi scene. Soon it will move to POS and there will be a massive scramble by people and hopefully institutions to hold the necessary 32 Eth to become a validator. Eth never stands still and is supported by many developers. I’ve been with it since about $3.
lampedius posted on June 06, 2019 07:23:12
i love ETH you cant find much negativ to say accept that there development takes so long time. but this is a project that will be around forever in one form or another. Actualy ethereum is the fork and Ethereum classic is the original.
stellarowl12 posted on June 05, 2019 22:41:36
I've long been a fan of Ethereum and the community's professional and collaborative approach.
Ethereum is the pre-eminent smart contracts / Dapps platform in the crypto world and was the reason why there were so many newcomers into the crypto space in 2017/2018.
Ethereum of course has its hurdles and roadblocks, but with so many smart people working on improving this platform daily, I have the utmost confidence that their approach will bring them to the promise land. And that promise land is building the world's decentralized super computer where anyone can interact with censorship resistant financial code.
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