How can people like Max Keiser and Tone Veys still call Ethereum a shitcoin? I get all of ETHs flaws, but it is a working function product. Stablecoins are useful. DEXs are useful. These people are starting to sound like the Peter Shiffs of Bitcoin.
Wouldn’t these people root for DEXs to succeed? They love that Bitcoin is decentralized, DEXs are certainly less centralized than Coinbase.
Can someone justify this to me? I don’t get it.
Tone Vays is a loud-mouthed, covid denying, carnival barker. He's full of hot air and anyone who takes him seriously is an imbecile. If it weren't for his obnoxious personality and the propagandizing he would be much more respected because I do think he sometimes makes some good points with regards to altcoins. Over the years he's had some intelligent people on his show like Fluffypony who is not one of these religious zealots.
You mention stablecoins. These might give value to the network but not to the ETH token itself. ETH is only used to pay for gas but aside from that it is just another useless coin like 99% of all the other garbage ERC-20 coins. When you look at decentralized finance it is mostly about speculation and getting huge profit for minimal effort. I understand the appeal but there are also a lot of valid criticisms to be made.
Ethereum didn't create DEXs but they became popular when the ethereum-based ones became ponzi factories.