Some recent posts on Reddit laughing at Credits:
Ethereum scaled to 1.5 mil tps for fun, how is Credits manipulating with ignorant people? So just some random guy on the Internet decided to scale Ethereum for fun. Ignoring every possible safety or blockchain feature he managed to scale it over a million tps. It took him one day.
https://medium.com/@suchi.blackwing/cryptocurrency-scaling-ethereum-to-1-5-million-tps-cd10f5e3f7ccIn case you can't be bothered reading through all of this, just a quick summary:
"1.5 million “TPS” achieved. TPS is less important than, how we measure TPS, and TPS as a theoretical excercise vs TPS in a production environment are two incredibly different things.
You want to get rid of PoW and only use trusted nodes? Sure, you can exponentially increase that TPS. You want to make sure those trusted nodes are high end? Sure, you control them afterall. There are so many factors you can control to create the perfect TPS environment, but none of this is true blockchain, it’s just another form of centralization, you trust those nodes, you trust their owners, true decentralization is about a complete lack of trust, you don’t trusts those nodes and you definitely don’t trust their owners. This is what makes blockchain so wonderful.
My mentor decades ago taught me, when you develop two systems, you develop them like system A does not trust system B. I architecture that way even today, because people, and especially systems are inherently evil. So why are we throwing away this wonderful solution of blockchain, and instead favoring the old centralized way, where the richest and most influential control all the power? Blockchain was about shifting that power from them to the masses, and instead we are rewarding these centralized solutions more and more with our money.
Anyway, there is your Ethereum with 1.5 million “TPS”, it took me less than 24 hours."
Why is this relevant? Because non-technical people are getting fooled by flashy titles and claims by Credits. If you check a review published in this sub (
https://np.reddit.com/r/credits/comments/85btx8/commentary_of_credits_second_alpha_test_post/), you can clearly see that they did pretty much the same in order to achieve 400k tps. It is basically pointless test completed only to brag about, because most people don't understand a thing about this. They would just look for a product claiming of 123 tps because it must clearly be better than 85 tps or something... Not to mention that this effect is so much more powerful with Credits when you know that Ethereum is doing much less than 100 tps as a working product. Then these marketing gimmicks come and say they are doing 400 000.
Do you think any serious blockchain project would even consider doing such immense hype over such pointless claims and tests? Imagine if Vitalik did this, credibility lost forever among [Suspicious link removed]munity and experts.
Credits claim they have been developing their product for 3 years (??), then release a laughable product that can be done in days. Not to mention that their coding skills are hideous (
https://np.reddit.com/r/coinjudge/comments/8440es/credits_red_flags).
"The coding practice is terrible and no professional with a year or more of experience would code like this; Go to line 34, the function ClReceiveRequestThread. Line 69 is the start of the for loop within that function. Line 82 is an if statement within the for loop. We are now one level deep. Line 192 is the start of another function within ClReceiveRequestThread, with a switch statement. We are now two levels deep. Line 197 has a case statement which leads into another switch statement. We are now three levels deep. Line 203 has a case statement which leads into an if statement, we are now four levels deep. On Line 211, we have an if statement within the previous if statement, so we are not five levels deep. It is a clear sign of a beginner programmer, when we see multi layered logic statements. As a programmer, it would be hell to debug this code, and it is just one file, with arguably the easiest part."
People are saying 'this will be huge' or 'I don't care as long as it get me money' or 'It's worth a risk'. How ignorant is that? This shitcoin can be profitable only with irrational hype and delusion. That's a proper pump and dump stuff right there. Based on their own tests and some hilarious 'partnerships' they claim to have. They are creating hype out of thin air in order to keep the flow going, at the same time censoring anyone exposing them. This is pretty much the cheapest looking marketing campaign done in crypto since Bitconnect.
There is absolutely a huge amount of people completely unaware of what's going on. If this guy from Medium article get's an idea to publish a flashy whitepaper one day, he would probably be able to fool people just like Credits.
There was an article few days ago: 'Nearly Half of 2017’s Cryptocurrency 'ICO' Projects Have Already Died'. Some of them were instant scams, most of others just money grabs fooling people and doing nothing. You can be sure that this shit will get regulated pretty soon in order to create a healthy environment for investors and institutions. Then those marketing specialists like Credits might be prevented in time.