Ethereum without question has a
significant contribution for the current success of a lot of digital currencies (and, of course - current price of Bitcoin), but what if someone find another major flaw as they did with the DAO? Some of you may remember that about a week before DAO attack I've opened a thread (
https://bitcointalk.org/index.php?topic=1504662.0) and expressed some personal concerns. One of my statements was:
Technology is becoming more and more sophisticated. I'm kinda against that, because majority of the people are not "geeks". This could be a big problem for Bitcoin (and others), since it is cryptocurrencies against fiat money "thing" (i.e. people vs. banks). Making things more hard to understand will eventually interfere the adoption of the cryptocurrencies (at least in the way we see it now, because in the future, the banks can use the technology for themselves and the ordinary guy will be screwed... again). Maybe current technologies may find its use in 5-10-20 years (who knows...), but not now...
I still think we're in a bubble (link to another thread:
https://bitcointalk.org/index.php?topic=1926969.0) and while I am
very excited, I'm also extremely scared... Can you imagine what might happen with Bitcoin price and all these Ethereum based ICOs and crowdsales, which raised vast amount of money? Don't get me wrong - I will repeat that personally I don't care about BTC's price as long there is some stable growth. I am here for the long run (after at least next block reward halving) and I strongly believe that what we're seeing now is still nothing. Digital currencies are potential market for trillions of $ (or euro - whatever suits you).
What do you guys think?
