Just my 2 Satoshis: I've disliked Ethereum ever since their one Unique Selling Point ("code is law" for smart contracts) got thrown out of the window after The DAO failed so hard they had to abandon their core principles and hardfork to get their money back. It proved that smart contracts are worthless if you don't understand them, which makes them worthless for almost everybody. In the case of The DAO, even the developers didn't understand the code, the only person who understood it was called "the attacker". Ironic!
I never expected Ethereum to go up in value this much after this fiasco. In my opinion, it would have been only logical to abandon the failed project. Many people didn't seem to care, and losing $500M within a year proves that once again.
Ethereum is now mainly used for ICO Token sales, which are almost exclusively very shady money grabbers. But greed wins from common sense over and over again.
Seeing how security and actual software engineering often comes as an afterthought, instead of serving as a fundamental requirement
Well said! PR is everything, create a token, a website, and a story, and people throw tens of millions of dollars at you!
Only a very small share of all cryptocurrencies put development first. Then again, it makes sense for the majority to only join crypto for quick cash. I'm really curious what will be the next phase in money grabbing, now that we've seen shitcoins, Token sales and hard forks.