ETH really is a shitcoin with no intrinsic value. Its not a store of value since when bitcoin crashes 20% then ETH crashes 50%. When Bitcoin rises ETH barely follows, ETH is still 65% down compared to the recent BTC rise.
2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000
If you stayed in ETH you have lost more money than Enron. ETH is a scam.
There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.
just because of that and you said if Ethereum is a scam? and what makes the price of Ethereum go up or down is not Ethereum, but the market that makes the price of Ethereum go up or down, because if a lot of people are investing in Ethereum then of course the price of Ethereum will definitely increase very high, besides that if there is no project from Ethereum, then there will be no idea about smart contract, because the idea comes from Ethereum and of course the idea is very useful until now, therefore Ethereum is one of the best cryptocurrency for now, even though the price of Ethereum has not risen very high from its ATH price, but I believe that soon the price of Ethereum will definitely increase very high (bull run).
I cannot guarantee and believe that ethereum will go very high in the near future but I still agree with you that the usefulness of ethereum is clearly evident in the crypto market, ethereum's network is almost ubiquitous in this market and part of the value of ethereum is based on this, therefore, a view that has no intrinsic value is false. Ultimately, this is an investment market, the value of the asset will increase depending on the investor and the community, scam and no scam, it's really no more important than we can make a lot of money here