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RE: Is Ethereum a possible scam?
Technology is there. It's working. So not, it's not a scam.
And 2 years to develop a good working application isn't that much. 2-3 years is a time to develop working prototype.
Is it overhyped? Yes.
Most of this companies that got millions of $ from icos won't devliver product. But if couple will, then we are have proof that technology has it's use case.
Fair enough, thank you for your feedback.
Even the ico's are sketchy... SONM needed & raised like 68 million dollars. Golem's ico was back in like Nov & they only needed 9 million. What has changed since then? Im not a developer, so i have no idea. Why did bancor need 147 million dollars to build a cryptocurrency converter? Are they building these dapps with million dollar super computers? Something isnt adding up boss.
They never said they need $147mln. People simple throw at them with that amount of money. Now they have to figure out how to use that amount of cash (except cocaine) lol.
People are throwin cash into this icos like crazy. And most of this comapnies won't deliver any product. Even Golem said they need 8 or 9 years to deliver. And still didn't provide any iformation about current situation on market they are trying to disturb. People gave them $9mln and don't know what is the price of service they are trying to sell? I doubt they can provide computing power cheaper that amazon and others.
I noticed in bancor's tos it stated you must confirm "that you're not a citizen of the united states." Odd... yes i agree they didnt ask for the 147 million dollars, my bad. They gladly accepted it though. Anyone would i guess lol. Lets just hope for the best, plan for the worse.
I guess my final prediction is ethereum may possibly be riddle with issues & eos will start taking over because it works. How can eos already have 2 apps working with very little time. Ethereum has billions & not much that look & feel like steem & bitshares for the everyday end user...
I also like this forum chat 2 years ago about Ethereum... https://bitcointalk.org/index.php?topic=707237.0