DUMP ETHEREUM ASAP!

Ethereum is an over-valued, over-inflated bubble that's about to pop and pop big time. Its market capitalization is over $20 billion dollars. That's over $20 billion dollars that we, the human race collectively, has set aside simply to run "smart contracts" written in a pseudo-javascript language that's proprietary to Ethereum called "solidity".

I can't find a single real world use for Ethereum's decentralized virtual computer executing these smart contracts that already existing technology like server clustering isn't able to do better than Ethereum. Decentralized computing isn't anything new. Virtual computers aren't anything new. Turning a blockchain into a decentralized virtual computer is definitely new, but in Ethereum's case it's totally pointless because the already existing technologies just do it better. It's the blockchain equivalent of "cool trick bro." It IS a cool trick, no sarcasm there, it's just totally pointless since existing tech is capable of doing the same thing but with more power and flexibility. Cluster some servers and write in whatever languages you want, create and use whatever databases you want, create a real decentralized application instead of a collection of smart contracts that the ETH crowd is trying to pass off as a dapp.

So since anything Ethereum can do, existing technology can almost certainly do better, just how is anyone going to get $20 billion's equivalent of work out of Ethereum? I know that in the short term there's talk about using ETH to do something like passing legal documents around for signatures and/or notarization and if this is the best the Ethereum advocates have come up with then the situation really is bad. It sounds just like a $20 billion version of Microsoft Sharepoint. You see what I'm getting at? A market cap of $1 billion even sounds too high for it and right now it's 20 times that.

So if you're holding Ethereum right now and you can't imagine anything remarkable that it might be able to do that existing tech is unable to, you probably want to dump it ASAP.

I imagine that the Ethereum core dev team is already probably aware that their whole platform is bereft of any real world utility that is unique to itself. If this is the case then they'd probably mostly keep quiet and hold their ETH until they see posts like this one popping up and then it'll be "oh no! Look's like the inevitable day has arrived that the unwashed masses have figured it out, time to dump the ETH."

When the bubble pops it's going to pop hard.