Can you trust projects that use Ethereum?

[Bitcoinsummoner]

ETH foundation have become quite shady recently so many have already lost their trust over ETH. They only used to have big promises and never full fill them. The recent fork have even messed up whole ETH network.

Just lets hope that hacking issue will not coming back. they are building trust again to people thats why the price is going back..
But if you are traders its still not a good to buy eth right now..

[dinofelis]

Just lets hope that hacking issue will not coming back. they are building trust again to people thats why the price is going back..

What on earth would make you believe that there will not be many more hacks of ethereum based contracts ?

[asriloni]

Just lets hope that hacking issue will not coming back. they are building trust again to people thats why the price is going back..

What on earth would make you believe that there will not be many more hacks of ethereum based contracts ?

he's actually just hoping that "hope" is just a hope and maybe can't be realized,no system is absolutely safe so the hack could possibly happen again if someone just find out the hole,nothing is perfect in this world

[Minecache]

ETH foundation have become quite shady recently so many have already lost their trust over ETH. They only used to have big promises and never full fill them. The recent fork have even messed up whole ETH network.

No you are speaking for yourself there. I am part of an ETH investors group and everyone was right behind the hardfork action. But of course being an ETC criminal coin shill you decide to gloss over the real shady characters and action of the DAO attack.

[bbc.reporter]

I find a lot of projects that have ongoing ICOs like Augur, Golem, SingluarityDTV and all those projects that use Ethereum to be very interesting, the big problem is clear: you just can't trust Ethereum long term. So im not sure if I should own some of those. I think some of those will pump hard, so im thinking about it.

You are not the only one thinking about this my friend. There are some people here that are doubtful about some of the projects built in Ethereum like Elcoin and Augur. I do not know about the rest you mentioned but look at for example slock.it. It was supposed to be on of Ethereum's greatest projects. Where is it now and what happened to their core development team? They have become the laughing stock in all of the cryptosphere. I wonder if they will show their faces in the coming Devcon.

[Febo]

I find a lot of projects that have ongoing ICOs like Augur, Golem, SingluarityDTV and all those projects that use Ethereum to be very interesting, the big problem is clear: you just can't trust Ethereum long term. So im not sure if I should own some of those. I think some of those will pump hard, so im thinking about it.

very interesting question and i was actually thinking about this a while ago. if you want to trade them then there is nothing to think about, if you see the potential of a pump then do it but if you plan on investing in them in the beginning it may not be a good idea because ethereum has already shown that they will break any contract that is not benefiting them personally.

ETH projects = trustful and backed by the foundation, 1000's of devs, and big mega money corporations. Therefore invest.

1000 really? lol
where did you get that number. bitcoin doesn't have 1000 developers still after this many years.

ethereum foundation is only a handful of people who has the control over the price, manipulating the market and dumping on ETC to prevent its rise and everything else https://www.ethereum.org/foundation
ethereum has only 34 people in it: https://github.com/orgs/ethereum/people
and people who are doing actual contribution (real commits) are less than 10

So each of them got 2000 BTC from ICO and additional 500k ETH from 12 million premine.


Not sure why people needed to pay this much BTC for 60m ETH in ICO to so called "foundation developers" if there are "big mega money corporations" around.




Good project dont need ICO, dont need premine and dont need big mega money corporations.

[spartacusrex]

ETH foundation have become quite shady recently so many have already lost their trust over ETH. They only used to have big promises and never full fill them. The recent fork have even messed up whole ETH network.

No you are speaking for yourself there. I am part of an ETH investors group and everyone was right behind the hardfork action. But of course being an ETC criminal coin shill you decide to gloss over the real shady characters and action of the DAO attack.

You'll never understand how much damage you've 'personally' done to ETH/ETC Minecache..  .. so much bad blood..

..

The problem is, do you launch on ETH or ETC, or Both ?

Let's take Augur.. What if they launch on ETH only ? Someone will just relaunch on ETC. So They have to launch on BOTH. Unless you can explain to the investors how they are not getting any stake in the ETC Augur, after they funded all the development. (And it is by no means clear that ETH will beat ETC in the end..)

And if you launch on BOTH, it's a nightmare, which one is used, which one do you update, etc etc..

With 2 chains, neither can work (excepting the smallest in house projects).

And YES [FACT] - this is completely the ETH devs fault.

[danherbias07]

Look at the first page and see all the comments. It is like getting 50-50 from different users. Have you tried to consider asking why it is like that? To some the trust have been broken. So it will just depend on how much are you willing to risk.