Bitcoin Forum

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.

1st they are likely paid shills by institutions that hold a lot of Bitcoin. Second, people that got into Bitcoin early call everything else a shitcoin because they are afraid that Bitcoin will lose it's value if better cryptocurrencies are adopted. Basically greed and fear.

every coin is a shitcoin except bitcoin, that what max people call , they even seems like making bitcoin like a religion on their minds , but what we can say , they is early player, and also strong hand , since 10 years ago finally patience give a huge profit. just ignoring them , ethereum will continue even without their acknowledgment.

I also noticed this in the statements of many on this forum. They are trying to denigrate any altcoins, extolling only bitcoin. Thus, they try to protect and enhance their investment in this coin. For my part, I can only say that ethereum has never been, and I hope it will not be a shitty coin. After the update, which is now taking place in the framework of Ethereum 2.0, this coin will retain its position as the leader of altcoins for a long time.

No matter how many problems Ethereum has, I can't say it's shit. provides service to many projects in the market, no matter how many problems there are. There are many competitors for Ethereum now. We will see what will happen when Ethereum 2.0 comes.

They can call Ethereum as a shit coin and I think they have reasons for that name-calling.

Ethereum and its smart contract create an ecosystem for scam projects. As a father of that ecosystem, Ethereum is not innocent. I think Ethereum and ERC20 chain help cryptocurrency to grow, catch up new investors, and increase the total capital for crypto market.

Seriously Vitalik and Ethereum should manage that ecosystem better, to eliminate scam projects on ERC20 chain. Vitalik failed to do this mission.

I think Ethereum has passed enough test of time to be called itself a promising and defining decentralized crypto. Ethereum pioneered a lot of things with blockchain and the world is not going to be the same. It's in real the most known and talked about coin after bitcoin. An example of great community with much active git than any other popular coins.

It is their point of view and how they look at things.  You cannot change them as if it was set in stone unless they decided themselves that they will believe on ETH.  Even many people thinks that Bitcoin is shit, what more ETH.


They won't if they don't understand how it works.  And from the reference that they call ETH a shitcoin, they will not root for DEX'es.

Yes, it's working to some extent. The thing is ETH offers "world computer" but failed to scale and stuck with high fees just like BTC (or worse).

Those BTC maxi shill of course saying that all coins except BTC is a shitcoin. They are just being paid to do so.

Anyway, IMO ETH with its pre-mine (and hard fork ETC) still inferior to Bitcoin, not necessarily called "shitcoin."

The tone is harsh as it is obvious ethereum is not a shitcoin however many people are mad at ethereum because they see it as a facilitator of bad coins, we need to recognize that a great deal of coins are bad projects lead by inexperienced developers, and ethereum makes their life easier and while this is good as this brings projects like the ones you mention it also helps bad developers to make their coins.

So some people get mad about this and blame ethereum because of it, also many do not like stable coins because for them it goes against the spirit of bitcoin and the intentions of satoshi so that is yet another reason why they do not like ETH.

Can you even take Max Keiser and Tone Veys seriously ever? I don't see any chance for them to be credible. Max Keiser himself launched Startcoin, if anyone here remembers and he failed. Or he made some money but after all it failed. Tone Veys with his technical analysis frequently failed. Just let them say whatever they want, freedom of speech you know...

Just ignore these people who are saying that Ethereum is shitcoin. Because they are Bitcoin shillers they have been paid for shilling Bitcoin and damaging others altcoins. Or they are holding BTC their self so they are trying to say that others altcoins are shitcoins so people sell their altcoins and buy Bitcoin.

I personally do not think ethereum is a shitcoin. Ethereum have come a long way, and every step of the way have been challenging to say the least!  Bitcoin is arguably more decentralized than ethereum but,  we must realize that ethereum network have made outstanding progress towards adoption of Cryptocurrency.  Today,  we are talking of defi,  decentralized  exchange and much more.   

Honestly, many of the top 100 coins are no shit coins. They all build on the same technology and go their own way at one point or another. When people talk about that those top 100 coins are shitcoins, then it usually has to do with the fact that they don't understand the coin.

I would say that the statement "ethereum is a shitcoin" is passé  since 2015. How someone could say that in 2021 is not clear to me. Ethereum is probably the most adapted blockchain that is out there, even the binance smart chain that is praised nowadays for it's low fees and almost instant transactions is basically just a copy and paste of ethereum. As others already mentioned in here, the only reason for people to call ethereum still a shitcoin is probably that they either had a lot of ETH but sold them way to early and are now jealous of ETH hodlers or they are just shillers (paid or unpaid) of competiting projects.

I would say that those two are either bitcoin maximalist or they don't understand how Ethereum works in real world. But we can't argue with them, I think they have made up their mind about Ethereum being a shitcoin, so be it.

But for real crypto users, or investors, Ethereum has a lot of use not just in 2021, but even in the years that it was developed and released. Currently, it has a lot of competition and yet Ethereum is still the prime movers of altcoin market.

I think only those who didn't gain any profit on ethereum that says negative in it such that it is a shit coin or so and so, because they didn't get any profit from eth investment. Just now ethereum got boom in 2021 that makes ethereum coin into another level and good reputation coin on exchange markets. It makes it now the king of altcoins, maybe it could be like the price of bitcoin in the near future.

nah , that's too childish an excuse for some people like them , its just no more than prestige , i mean just look at them , they even baptize people to make bitcoin a god , they won't need Eth or any altcoins. that on their minds.

only fools say ethereum is shitcoin. regardless of his judgment, it would be strange to say the smartcintract platform is a shitcoin. isn't it very clear that smartcontract is driving mainstream adoption. Many altcoin projects released today use smart contracts. so what they say is a mistake.

I'm confused where all this time those people who say ethereum is a shitcoin?
do they not see 2017 being the strongest momentum of ethereum blockchain adoption.
did they not see how ethereum was able to survive this long with the best development of the ecosystem.
they must all regret having said that.

so where do we look at the Shitcoin indicator from Eth? he was joking without getting to know Eth better. could it be that what he thought was Shitcoin was aimed at Vilatik who openly endorsed the Shiba Inu?
a made-up joke.
at least he can show one of the characteristics of Shitcoin.

The only shit about ethereum is about their high transaction fees plus the transfer rate is too long, I always read updates about eth and they promise to do something to fix the long time problem specially in eth network.

Nobody here can justify that, it is the problem of the people who say that to justify what they said and not our job to justify what they said. I always liked ethereum and even bought some under 100 dollars back in the day, hell I even bought some at 30-40 dollars levels way way way before but I sold them all when it reached 100 bucks for the first time which was my mistake but at least got some of it back later on.

Basically ethereum has been one of the best coins for me for a long time and I believe that will continue for the future as well, whoever thinks that ethereum is a shitcoin is an idiot to me. Maybe I am wrong and they are right but so far history has proven me as the correct one and all the other people who called ethereum a shitcoin has been wrong so far, we do not know what future holds so nobody can discuss that but the past says I am right and they are wrong.

They can say whatever they want but the platform itself will talk for itself. They can always find the loopholes if they don't like the network and ignore the benefits that it brings to the people. We don't need to follow that kind of people, always looking for something that may cause your downfall. Why not look at the brighter side of things? And appreciate what it is contributing to the crypto market.

Only idiots can talk like that. Such statements about the largest altcoin with the world's largest ecosystem, which can very easily take 1st place, would be a clear mistake.

I just googled information about these people, one trader, another trader and TV presenter. I wouldn't even take their words seriously

Why should care what people like them say? Even haters will always hate whatever the conditions are. And we can't force them to like Etheruem. what matters is in ourselves. No need to listen to things that don't need to be heard, because this can affect our mentality and become carried away by the FUD flow.
Once you like Ethereum or other coins or projects, just focus on it, As long as you have done your own research and use your best strategy and  considerations, you may not need to be influenced by the FUD

This idea for ethereum is completely nonsense. 1.si ethereum is still heavily supported by its founder and the update work continues at full speed. Secondly, if ethereum is removed from the cryptocurrency market today, the market will go into a serious collapse. Because I am giving an example in the market, if there are 1000 cryptocurrencies, almost 900 of them use the ethereum subbase. In this case, the cryptocurrency market will collapse seriously. Finally, the majority of those who said this, got this perception after completely elon musk and his tweets. Elon musk has done nothing but manipulate for the cryptocurrency market. But Vitalik's contributions certainly cannot be ignored.

Fundamentally there is nothing wrong in the statement as ETH is used to create shitcoin and it is a platform to spam the cryptocurrency space and added with the flaws and the network issues and the higher transactions charges what do you expect anyone to address them.


The only issue back in the day was the low liquidity but now things have changed and there are many DEX with good liquidity.

Every top project has its roots in ERC20, what does this prove? I think Ethereun is a platform worth every project to lay a foundation to invest in, before gas costs are so high that projects leave it, if this shortcoming is fixed, I think all other platforms won't. comparable to Ethereun.

For me, this is a kind of strategic attack to ethereum coin to be spattered making way to other altcoins increase there ranking next to bitcoin. We all know Ethereum coin has already tested for many years being profitable gaining coin of becoming largest community and holders.

Everyone has a different point of view, but will just what some people say will affect ETH?,, I don't think so.
Let's just say it's a criticism so that ETH developers are getting more active to make something even better, because as far as I know there is no altcoin that can surpass ETH until now.

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.

some people are really against altcoin and just gonna stick with that idea forever maybe because their investment portfolio are largely allocated to bitcoin and that's definitely NOT a problem

and why even cares about their opinion anyway, in my own opinion I consider a coin as a true valuable coin if it somewhat brings innovation and solves the problem that we're facing
it's not like if those people keep calling eth a shitcoin eth gonna magically gone, eth could still grow despite being called shitcoin many times in the past.

I started thinking like these people are getting paid for saying something like this. Because it is obvious already that Ethereum is not a scam.  :D  If these people are serious about their statements, I really don't understand them.

Lets be honest, none tokens will be able to overperform ETH and BTC. Thats how crypto works, name and release date are everything

The term shitcoin is used for cryptocurrencies that have very little value or even no value at all.
Is the price of ethereum so small? Oh no, ATH was $4.3k
Ethereum supply is capped at 18 million per year. Due to limited supply, Ethereum eventually became scarce.
Ethereum will no longer be producing additional tokens. In theory, the more tokens the value decreases. The same principle applies to stocks.
So still want to say ethereum is Shitcoin?

If I see the OP who made this topic it's hard to believe if he doesn't know Ethereum, because the OP has been here since January 2014, of course he knows Ethereum very well, but when there is a topic like this that he discusses, then this will become very strange thing.

name and release date aren't everything, ETH could become this big because it was the first cryptocurrency
that offers fully functional smart contract if i'm not mistaken while btc, as you can see is an icon of cryptocurrency.
many old coins that atleast top 10 in CMC once nowadays already got dethroned by newer cryptocurrency which offers more functionality, that's why name
and date isn't the only factor that decide which coin gonna have big market cap.

I would say that that notion is up to anyone's opinion anyway. It hasn't really ever existed in the sense that Ethereum was commonly known for being a shitcoin. There was the Bitcoin maximalist camp who called it a shitcoin in order to protect their own investments, but that's it.

Anyone who says that ETH is a bad coin, he is a bad person. And in fact, he does not think so, but simply speaks in pursuit of his greedy interests.

There are 2 reasons why they are saying this.

1. Freedom of speech - we are in a place where we can say our opinions freely. If they see Ethereum as a shitcoin then so be it. I don't see any problems with it since they can just say anything that they want to it. They are a huge Bitcoin supporters and for them, all of the coins are shitcoins except for Bitcoin. They are maximalist lols :D.

2. They are paid - another one is that they might be paid by some random people out there just to say negative things about Ethereum. Its also possible that the other competitors of Ethereum are paying them just to say things like that.

Overall, we know what Ethereum is. Some might say its a shitcoin still after what he did but some will say that it isn't because of the successes and upgrades that they've made.

Such a person is only more suitable to be called stupid not evil, because greed will not always bring him victory, so don't pay too much attention to such a person because there are more important jobs to ignore.

There is not such a thing, no one is paying people to only speak highly of bitcoin, those people are what we call bitcoin maximalists, basically they only believe in bitcoin and nothing more, personally I think there is room for more coins and good projects but to each his own.

However the number of those projects is limited and due to the freedom that we enjoy in this market a great deal of projects do not succeed, which has lead many people to not trust altcoins and this includes ethereum as well.

You could be right about bitcoin because it is the first one and it has a great name, but that wasn't the case for ethereum at all. First of all we had namecoin as second, then for the longest time it was litecoin that was second. In order for ethereum to become second it had to shred its skin, become something new, have an infight that ended up with ETC to be created as the original how it was created, then ethereum had to help other tokens to be created on its blockchain, allow even nations to store stuff in its blockchain and then we are talking about ethereum convincing those places to actually come in, all of which took YEARS before it could happen.

Ethereum wasn't first and it certainly wasn't name neither. It worked very hard, vitalik made it happen and he really gave all the awesome things to ethereum in order to make it the second coin. I am not saying other coins will do it too, all I am saying is it is not timing, so others "can" do it if they work hard enough.

Many people have not been here long enough to remember but the reason many of those that have been here for long enough do not like ethereum has to do with the DAO incident, basically what it happened is that a hacker stole a lot of money from that coin and the ethereum developers decided to fork the chain before this happened giving their money back to the ones that lost that money.

This may seem like a good thing but it violates the concept of the immutability of the blockchain which means that anyone could steal your coins by changing the code, this event is what created ethereum classic which refused to do this and it is one of the reasons why some see ethereum classic as the real ethereum.