Overestimating Ethereum's potential, underestimating its risks. RIP ethereum.

[dwgscale11]

"I think a lot of people buying into it have been materially mislead.  For example the 'prospectus' they sent out made it look like the supply of coins was finite instead of endlessly inflating.  Without that knowledge the argument "oh, well eventually they'll fix the bugs and it'll be valuable then" makes more sense.

Similarly, it was promoted as a "world computer" which will replace all the major online services like facebook, uber, etc... even though that makes basically no sense from the perspective of what the technology could actually do even if it were bug free."  - Greg Maxwell

Stop being duped. People are finally opening their eyes and Ethereum is dying.

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[CuriousGeorge]

It seems like all of Greg sentences was becoming a real statement.
Too many forks in his chain have made the people was feeling doubt about the future of eth. just a little gap until the next fork was coming, ETH has broken.
I'm already retiring from there.

[thejaytiesto]

It seems like all of Greg sentences was becoming a real statement.
Too many forks in his chain have made the people was feeling doubt about the future of eth. just a little gap until the next fork was coming, ETH has broken.
I'm already retiring from there.

Yeah I always trusted Greg Maxwell's take on the cryptos he talked about, it seems he may be right about ETH.. its too ambitious at a core level, it's just too dangerous to make a turing complete coin, because of all the unknowns that it may trigger ending up in a mess.

Bitcoin is way better, it isolates the core as a simpler and therefore more robust software, then build complex stuff around it (sidechains etc)

[Blazed]

I like the idea of ETH and I hope they continue to work on it for years to come. ETH is way over priced for where it is at currently. I would not expect a reliable ETH experience for years to come. I think a realistic price for it is maybe $1 until it comes out of alpha stages... I have yet to see any crypto be as unreliable as Ethereum has been to date.

[jacaf01]

I like the idea of ETH and I hope they continue to work on it for years to come. ETH is way over priced for where it is at currently. I would not expect a reliable ETH experience for years to come. I think a realistic price for it is maybe $1 until it comes out of alpha stages... I have yet to see any crypto be as unreliable as Ethereum has been to date.

I don't think it is the fault of Ethereum developers that their project was valued that high, it is a free market and the market are allowed to speculate, I agree that the real price should be around $1 especially after the four successive hard forks.

[dinofelis]

It seems like all of Greg sentences was becoming a real statement.
Too many forks in his chain have made the people was feeling doubt about the future of eth. just a little gap until the next fork was coming, ETH has broken.
I'm already retiring from there.

Yeah I always trusted Greg Maxwell's take on the cryptos he talked about, it seems he may be right about ETH.. its too ambitious at a core level, it's just too dangerous to make a turing complete coin, because of all the unknowns that it may trigger ending up in a mess.

This.

[vlom]

"I think a lot of people buying into it have been materially mislead.  For example the 'prospectus' they sent out made it look like the supply of coins was finite instead of endlessly inflating.  Without that knowledge the argument "oh, well eventually they'll fix the bugs and it'll be valuable then" makes more sense.

Similarly, it was promoted as a "world computer" which will replace all the major online services like facebook, uber, etc... even though that makes basically no sense from the perspective of what the technology could actually do even if it were bug free."  - Greg Maxwell

Stop being duped. People are finally opening their eyes and Ethereum is dying.

eth wont die. BTC died many times. and is it dead now? only the price will correct to 10$ and then stay there. this is the reasonable price for ETH.

and if the price rises over 20$ again, then "everybody" will write: "ETH is the new BTC".....

[BTCLovingDude]

"I think a lot of people buying into it have been materially mislead.  For example the 'prospectus' they sent out made it look like the supply of coins was finite instead of endlessly inflating.  Without that knowledge the argument "oh, well eventually they'll fix the bugs and it'll be valuable then" makes more sense.

Similarly, it was promoted as a "world computer" which will replace all the major online services like facebook, uber, etc... even though that makes basically no sense from the perspective of what the technology could actually do even if it were bug free."  - Greg Maxwell

Stop being duped. People are finally opening their eyes and Ethereum is dying.

no offense but your topic now has no value because right now even a child could tell what is going on with ethereum and how terrible the situation with it is.

those who posted topics 1-3 months ago meant something because if someone could see past all the hype and lies that is worth something not after price dropped drastically to 0.011 from 0.03 and you made sure it is never going back up!

eth wont die. BTC died many times. and is it dead now? only the price will correct to 10$ and then stay there. this is the reasonable price for ETH.

and if the price rises over 20$ again, then "everybody" will write: "ETH is the new BTC".....

even if it goes back up it would still be a huge pump and it will eventually end up back here and going more down again but this time in a shorter time.

[freshman777]

It seems like all of Greg sentences was becoming a real statement.
Too many forks in his chain have made the people was feeling doubt about the future of eth. just a little gap until the next fork was coming, ETH has broken.
I'm already retiring from there.

Yeah I always trusted Greg Maxwell's take on the cryptos he talked about, it seems he may be right about ETH.. its too ambitious at a core level, it's just too dangerous to make a turing complete coin, because of all the unknowns that it may trigger ending up in a mess.

This.

And this takes us to why NXT and Ardor, its successor, chose to implement Smart Transactions vs Smart Contracts in Ethereum.

Nxt and Ardor very specifically did not go for scriptable Smart Contracts. There are several reasons for not doing so:

1. You have no way of controlling the quality of the code. This can lead to unfortunate results and create huge problems.
2. A large portion of the market has need for out of the box solutions, not custom ones. Nxt and Ardor offer hardcoded and modular Smart contracts (or smart transactions) which are tested and secure. For most SME's these cover a lot of use cases and are more cost effective.
3. Lisk is still in development: Nxt already works, and has been operational for 2,5 years. Ardor will use the same tech. If a company wants to use software that's tested and tried, it should go to Nxt or Ardor (depending on the use case).
4. Waves is also still in development. Same argument as before. The idea might be sound, there is no way to predict now whether it will pull off its promise.

The child chain architecture is unique to Ardor. Lisk and Waves do not have it, neither does Ethereum. Bloat is a problem that all of them have and Ardor is the system that is concentrating on it.

[Spoetnik]

I like the idea of ETH and I hope they continue to work on it for years to come. ETH is way over priced for where it is at currently. I would not expect a reliable ETH experience for years to come. I think a realistic price for it is maybe $1 until it comes out of alpha stages... I have yet to see any crypto be as unreliable as Ethereum has been to date.

I don't think it is the fault of Ethereum developers that their project was valued that high, it is a free market and the market are allowed to speculate, I agree that the real price should be around $1 especially after the four successive hard forks.

Fuck yes it is the dev's fault.

They have been manipulating it since it launched in 2014 when i launched a scam topic on them because of their shenanigans on launch day.

If you don't know the history of ETH corruption & manipulation then you guys should really shut the fuck up.
You just end up looking like fools to the rest of us that are not a blind and / or deceitful fucking idiot profiteers.

Safe to say the dumb cunt wanted a coin.. so he worked long & hard on a gimmick.
APP's..
Problem is it was pointless.

Then the thing was rigged for dev & friends financial advantage.

Should ETH coins be worth over $20 each ? Are you all retarded ? YES you ARE !

If it was not for many of you showing up years late hoping to profit from it you would be calling it a scam.

Scam = Shady project I did not make money off of.

Legit = Shady project i DID make money off of.

..listening to most of you here is nothing but entertainment.  

[spartak_t]

That was expected and we even haven't seen a real market reaction, because Ethereum is still heavily manipulated. But it's just a matter of time (https://twitter.com/bulgar1an/status/803248539547660288).

P.S. I bet my 3 balls..oh, wait... 2 balls that resignations in the EF are coming. Why? Well... THINK!

[thejaytiesto]

"I think a lot of people buying into it have been materially mislead.  For example the 'prospectus' they sent out made it look like the supply of coins was finite instead of endlessly inflating.  Without that knowledge the argument "oh, well eventually they'll fix the bugs and it'll be valuable then" makes more sense.

Similarly, it was promoted as a "world computer" which will replace all the major online services like facebook, uber, etc... even though that makes basically no sense from the perspective of what the technology could actually do even if it were bug free."  - Greg Maxwell

Stop being duped. People are finally opening their eyes and Ethereum is dying.

eth wont die. BTC died many times. and is it dead now? only the price will correct to 10$ and then stay there. this is the reasonable price for ETH.

and if the price rises over 20$ again, then "everybody" will write: "ETH is the new BTC".....

BTC never died, it just tanked in price and it recovered.

With ETH you have a big, huge project that may blow up. BTC is much more solid, it's way harder to destroy, and way harder for some sort of fatal bug to happen. With ETH, you got a turing complete technology and that is opening a can of worms.

[densuj]

Ethereum would of course thrive but not as a rival to Bitcoin but as a creator of new features, this could in theory push its price up but the currency is at the mercy of being quite 'common' as there are no caps on amounts of ETH to be mined!

Ethereum is a great piece of innovation, and Ethereum as a innovative tool rather than a currency!

The currency aspect of Ethereum is only one of the many things it can do while the dev team is very effective I sense Ethereum is clouded by greed at the top of its ever present capstone.

So take in easy ethereum is just fluctuation of price. 

[hisuka]

For me, I think Ethereum will still stand of any cryptocurrencies.
Eth, is next bitcoin just for me, it will still pump in the exchange.
I believe ethereum will lead and top high in any altcoins.

[Cryptotraider16]

for now eth will go down for sure..but in few months its may go back and when devs do the job its can be  good project done.

[bbc.reporter]

The title "Overestimating Ethereum's potential, underestimating its risks" sums it up nicely. Yes it is true that many in the community have overestimated Ethereum's potential as has been shown in the price. But the truth is now finally being told thru the market now. A lot of people have now realized that Ethereum is not the holy grail but just another failed platform. The question is, was it all a scam right from the very beginning? Did Vitalik already know it will not work the day the platform went online?

[JeffBrad12]

The title "Overestimating Ethereum's potential, underestimating its risks" sums it up nicely. Yes it is true that many in the community have overestimated Ethereum's potential as has been shown in the price. But the truth is now finally being told thru the market now. A lot of people have now realized that Ethereum is not the holy grail but just another failed platform. The question is, was it all a scam right from the very beginning? Did Vitalik already know it will not work the day the platform went online?

The first hype was being over? It's normal. IMO, scamming or not will get clear if we have come at the end ETHEREUM. And vitalik didn't.
But the clear answer about that vitalik was less for educating his system. The lift will be going down, and ETH will meet zcash at the end of the floor.

[Shiroslullaby]

Hype is dying-down so price is coming down as well.
ETH still has good long-term potential but is a little stale right now, because everyone just wants to invest in the flavor of the month.

[m0netary]

Ethereum has so many holes in the code even putting a condom around it will cause more leaks. This is like Windows 3.11

If you want a secure network better dump all your holding and wait a few years before buying back.

[ArdiPrabowo]

only ethereum price down, and now down trend your say RIP ethereum
ethereum technology still is good much developemnt can use technology ethreum token can create new altcoin
and much dev can succes develop use ethreum token, iconomi in selling ico can get collect 10 million dollar, and iconomi use ethreum token

in market down and up is good, if price is flat can't to trading

[ratatatat]

"breaking news"

yawn

next!

[s1gs3gv]

The nay-sayers are loud when the price is down. The yay-sayers are loud when the price is up.

Don't judge the value of a crypto-token by its current market price.

[TrueAnon]

You can see it was bot whales action alllll alooooooooooonnnnnnnnnnnnnnnnnnnnnnnnnnnggggggggggggggggggg
RIP ETH.  Always a shady scam veiled in legitimacy.

WBB will now take over the throne but as a legit altcoin!