3 upvotes, 1 direct replies (showing 1)
View submission: Introducing r/FortNiteBR Bricks
Yeah this is just untrue FUD.
Ultimately a company with the resources and expertise of Reddit would audit any technology they build on and wouldn’t build on something that was considered a scam by “virtually all developers” - that is just an irrational claim.
In crypto we have the challenge of “maximalists” just like in politics where people are on extreme ends of the spectrum and assume there is no middle ground or nothing that the other side has right.
There are lots of cryptocurrencies and lots of blockchain technologies, and different ones serve different purposes and have different pros and cons. Sure some don’t produce any clear value currently, but, Ethereum isn’t one of them.
Being a maximalist is like telling people they don’t need to buy a car because they already have a house.
Comment by ethereumfail at 17/05/2020 at 20:22 UTC
0 upvotes, 0 direct replies
nothing you're saying changes the fact 1 central trusted party premining incentive/stake/supply that distributes control is not decentralized. Ethereum being centralized and a scam is not in any way debatable. If you understand fractions and 2 > 1 you're literally smarter than 100% of Ethereum community.
given infinite time and infinite resources you couldn't design a worse decentralized system than ethereum. it's literally a less efficient version of google sheets
untrue FUD.
find 1 untrue thing. exactly.
Here is a list of 359 large companies and robust projects who are building on Ethereum
appeal to authority, doesn't change the fact of the central premine
majority of them are pure ethereum projects.
since ethereum is centralized while claiming otherwise, it is indistinguishable from scamming (deception for profit) which makes all its promoters, no matter how big company is experimenting with it, equivalent to scammers. infinite users using ethereum do not make it decentralized nor do they make it less of a scam - it's textbook definition of one.
a company with the resources and expertise of Reddit
decentralization is very hard to achieve, and most developers are not qualified to speak on this subject for same reason they are not qualified to speak on quantum mechanics or relativity.
Ethereum heavily marketed to many companies, and while virtually all actual experts have always criticized it, they always targeted people who were not equipped to review it properly, such as gamers and others new to field. Ethereum success is 100% marketing and exactly 0% decentralized technology.
lots of cryptocurrencies / have different pros and cons
yes, and ethereum is not a cryptocurrency since it's not decentralized. it's not cryptocurrency, it's not decentralized technology, it's not even an altcoin, it is only a scam with exactly 0 relevant technology as implemented with a central premine
central premine of stake in proof of stake gives you no doubts? I mean how much more obvious can one get. there have always been scams, onecoin, bitconnect, and ethereum are the most well known. Vitalik, Ethereum creator, used to raise money for a simulated quantum computer, claiming it will solve 256 bit encryption faster than regualr computer - his project right before Ethereum. Being developer doesn't make you expert in everything and ethereum community can only be made up of people who are proven to be illiterate on this subject, no other possibility.
Being a maximalist
you're calling countless altcoin developers that didn't centrally premine everything that makes blockchains decentralized "maximalists" of what exactly? rational thought? basic logic? basic math?
term "maximalist" was literally invented by Vitalik to name call anyone who criticizes his literal scam so he doesn't have to actually address the countless broken design aspects of his terrible project
"virtually all developer" - if they promote a scam, ethereum being perfect example of, they are choosing to be scammers, not developers, as they are not developing anything useful, but only lying to people about their safety for profit.
Stop calling ethereum a cryptocurrency or an altcoin, it's insulting to real developers and real cryptocurrencies/altcoins actually designing things rationally.