Post
Topic
Board Bitcoin Discussion
Re: After years in this space...I am now a BTC/ETH maximalist (Both are important)
by
Carlton Banks
on 03/12/2019, 17:00:29 UTC
the only thing that i find likable about Ethereum is its initial idea in early days of having a decentralized machine for running smart contracts.

right, the potential for an idea like Ethereum was massive. Something designed for abstract tokens really should have got more attention from people using it as a marketplace for contracts, but Ethereum wasn't quite designed that way. I think that application can be made, but as a platform riding on top of Ethereum.


otherwise i don't find anything remotely interesting about the project itself. it is a centralized, mutable token that has only have one use case and that is to make the owners rich and be the breeding ground for thousands of scams.

yeah, all that potential, and the developers squandered it. To be fair, they were using a badly thought through design from day 1 anyway. I don't understand this whole hero-worship that got attached to Buterin's reputation, the amount of times the design was fundamentally changed (i.e. hard forked) in pretty significant ways only demonstrates that he was refining an unfinished train of thought for the first, pffff, 2-3 years of the platform's existence.