Post
Topic
Board Economics
Re: Major Cryptocurrency Investors Are Betting Heavily Against Ethereum
by
Panda Trump
on 28/07/2018, 14:12:09 UTC
This anti-ETH sentiment is caused by competitors like EOS and Cardano who market themselves as Ethereum killers. Last year everyone loved ETH and criticism was very rare, but now that competitors have launched their networks, the FUD bombardment has begun. I personally wouldn't be 100% bearish on ETH, I think in some very long run it will lose to BTC, if Bitcoin will get smart contracts, sidechains and other features, simply because Bitcoin is more decentralized and secure, but in the shorter perspective ETH at least has some proven track record of developers doing their job, while its competitors are still very young.

Indeed, but we should embrace competitivity and dump ETH for its better counterparts. That is how we got our advanced society to where it is nowadays in the first place.

There are multiple games currently played on the ETH blockchain and another batch of ETH games are set to release in the near future... How is the blockchain gonna react to that? Fees go up again, transaction times go up again, its utility goes down and it makes no sense to use it anymore. Bitcoin will win from Ethereum in the long run. Its direct competitors will win from Ethereum in the long run.

Maybe Ethereum will keep its value for now, maybe for years, but I doubt it will be much longer than a couple years untill the Ethereum blockchain seems useless in comparison with the more advanced blockchains.