Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
Slydrule
on 12/04/2016, 19:57:41 UTC
I am new to ETH so I will try to be respectful of those who are supportive of it.  However, if I may suggest a few points?

If I was thinking about investing in a company stock one of the factors I would consider before I made my investment is, does the company stand behind its products or service?  Do they provide a high level of support to their customers?  No one wants to own a product that is not supported.  A company that fails to supports it customers eventually has no customers - and no stock value.

I had heard a lot of positive things about ETH before I downloaded the wallet.  But there is nothing like first hand experience to get the facts.  I downloaded the latest version of the wallet and it didn't work.  When I came to this forum for answers I saw others had the same problem and had already asked about it.  I noticed they got no answers other than to try an earlier version.  I have not seen an acknowledgement that there is a problem with the wallet and it will be fixed in the next version.  

I downloaded the old wallet and it appeared to work.  I waited almost 2 days for it to sync.  At least it looked like progress.  After downloading all 1.3 million blocks the wallet started to "process" those blocks and that process never stopped.  I had to shut down my PC for something else and to my surprise when I restarted the wallet it began downloading all 1.3 million blocks again.  Only this time after 2 days its not even half way done!  The problem is it stops frequently for some reason.  I have to close the wallet and start it again to make progress.  Bitcoin is slow, but ETH is not slow.  Its broken.  Does anyone care?

I am alternating between "geth --rpc" and opening the wallet to allow it to sync.  This seems to be the only way to get blocks to download once either process stalls.  I want to invest in ETH as I have invested in Bitcoins and other coins.  However, my impression is that this ETH is not a well supported venture.  The technology is not ready and the support of the technology is non-existent.  This all means that the market for ETH is very limited to those people who either have no problems or can fix them themselves.  The average person without technology knowledge will fail to survive the initial startup process.  A limited market means it will never reach the value investors are hoping.  A small group of investors will create a fake market by hoarding coins or coming up with clever ways to create demand within the closed community.  I have seen this with other coins I have tried.  The great ideas that make a coin a good investment are destroyed by complexity and complications.

I am addressing my constructive criticisms to the people who are supposed to be developing and supporting this venture.  If they are not in this forum to listen, then that is another problem, isn't it?  
I suggest whoever is responsible for the technology, starting with the Wallet, fix the problems people are reporting.  Its the first view of ETH and that is the all important first impression.

My first impression is those responsible for this coin are acting a lot like the people who ran Cryptsy.