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RE: Is Ethereum a possible scam?
Remember the movie "the social network". Think back to the part Mark knew what he was creating was going to be HUGEEEEEE. He left the party, ran back to his apartment & starting coding immediately, because he knew on something like this first to market with a great product was gonna be a very rich dude. Same applies here right? There should be a race against time to get there first & there isnt as far as im concerned... I have an open mind though. Im still invested into ethereum. Im not ready to jump ship just yet. I think people will start getting antsy for useable dapps within the next 6 months, or you'll start seeing people bail.
Then you have more trust in ETH than me. After a few research in ETH I m pretty sure there will be a heavy correction in this currency. So many ICOs are using ETH for the start.. People but ETH to get into these ICOs.. All fine.. But at some point any ICO has to pay their rent, employees and so on. And if there is no profit that this ICO can produce..In the long run they have to sell their ETH. There are many nonsense ICO rising up from the dead atm. They will most likely never make proifit. I have quit ETH. But this doesnt mean it is a scam. IMAO it will not work in the short term 1-2y. After a year or two I think there will be the massive correction. Perhaps earlier. Then I will look into it. Because the idea behind ETH is nice. But we are way too early. A few years to early. But..... who knows probably Im wrong :)
I guess even the concept in which the ico's are working are impressive in their own way. How well they work & use eth. That is a major development, so i guess it does just need time perhaps. If Ethereum functions as well as it does for ico's i see $$$$ in the distance future.