Topic: Can you trust projects that use Ethereum? (Read 1720 times)
Look at the first page and see all the comments. It is like getting 50-50 from different users. Have you tried to consider asking why it is like that? To some the trust have been broken. So it will just depend on how much are you willing to risk.
ETH foundation have become quite shady recently so many have already lost their trust over ETH. They only used to have big promises and never full fill them. The recent fork have even messed up whole ETH network.
No you are speaking for yourself there. I am part of an ETH investors group and everyone was right behind the hardfork action. But of course being an ETC criminal coin shill you decide to gloss over the real shady characters and action of the DAO attack. You'll never understand how much damage you've 'personally' done to ETH/ETC Minecache..
.. so much bad blood....
The problem is, do you launch on ETH or ETC, or Both ?
Let's take Augur.. What if they launch on ETH only ? Someone will just relaunch on ETC. So They have to launch on BOTH. Unless you can explain to the investors how they are not getting any stake in the ETC Augur, after they funded all the development. (And it is by no means clear that ETH will beat ETC in the end..)
And if you launch on BOTH, it's a nightmare, which one is used, which one do you update, etc etc..
With 2 chains, neither can work (excepting the smallest in house projects).
And YES [FACT] - this is completely the ETH devs fault.
I find a lot of projects that have ongoing ICOs like Augur, Golem, SingluarityDTV and all those projects that use Ethereum to be very interesting, the big problem is clear: you just can't trust Ethereum long term. So im not sure if I should own some of those. I think some of those will pump hard, so im thinking about it.
very interesting question and i was actually thinking about this a while ago. if you want to trade them then there is nothing to think about, if you see the potential of a pump then do it but if you plan on investing in them in the beginning it may not be a good idea because ethereum has already shown that they will break any contract that is not benefiting them personally.
ETH projects = trustful and backed by the foundation, 1000's of devs, and big mega money corporations. Therefore invest.
1000 really? lol
where did you get that number. bitcoin doesn't have 1000 developers still after this many years.
ethereum foundation is only a handful of people who has the control over the price, manipulating the market and dumping on ETC to prevent its rise and everything else https://www.ethereum.org/foundation
ethereum has only 34 people in it: https://github.com/orgs/ethereum/people
and people who are doing actual contribution (real commits) are less than 10
So each of them got 2000 BTC from ICO and additional 500k ETH from 12 million premine.
Not sure why people needed to pay this much BTC for 60m ETH in ICO to so called "foundation developers" if there are "big mega money corporations" around.
Good project dont need ICO, dont need premine and dont need big mega money corporations.
I find a lot of projects that have ongoing ICOs like Augur, Golem, SingluarityDTV and all those projects that use Ethereum to be very interesting, the big problem is clear: you just can't trust Ethereum long term. So im not sure if I should own some of those. I think some of those will pump hard, so im thinking about it.
You are not the only one thinking about this my friend. There are some people here that are doubtful about some of the projects built in Ethereum like Elcoin and Augur. I do not know about the rest you mentioned but look at for example slock.it. It was supposed to be on of Ethereum's greatest projects. Where is it now and what happened to their core development team? They have become the laughing stock in all of the cryptosphere. I wonder if they will show their faces in the coming Devcon.
ETH foundation have become quite shady recently so many have already lost their trust over ETH. They only used to have big promises and never full fill them. The recent fork have even messed up whole ETH network.
No you are speaking for yourself there. I am part of an ETH investors group and everyone was right behind the hardfork action. But of course being an ETC criminal coin shill you decide to gloss over the real shady characters and action of the DAO attack. 
Just lets hope that hacking issue will not coming back. they are building trust again to people thats why the price is going back..
What on earth would make you believe that there will not be many more hacks of ethereum based contracts ?
Just lets hope that hacking issue will not coming back. they are building trust again to people thats why the price is going back..
What on earth would make you believe that there will not be many more hacks of ethereum based contracts ?
ETH foundation have become quite shady recently so many have already lost their trust over ETH. They only used to have big promises and never full fill them. The recent fork have even messed up whole ETH network.
Just lets hope that hacking issue will not coming back. they are building trust again to people thats why the price is going back.. But if you are traders its still not a good to buy eth right now..
ETH foundation have become quite shady recently so many have already lost their trust over ETH. They only used to have big promises and never full fill them. The recent fork have even messed up whole ETH network.
I find a lot of projects that have ongoing ICOs like Augur, Golem, SingluarityDTV and all those projects that use Ethereum to be very interesting, the big problem is clear: you just can't trust Ethereum long term. So im not sure if I should own some of those. I think some of those will pump hard, so im thinking about it.
Depends on the project since not all them have a good intention on running thosr project, and i don't really hold for more long days interms of ICO coins sincr they are prone to be dead or to be dump by thosr scam devs, so better be safe on supporting those since i don't see any successfull ICO's nowadays who get more alive for many months so precaution for those one the best thing we could do so we can have step to regain if we lose, ETH system is the most favorite to copy by those lazy devs.
Im look at Golem for example. I like the idea of a global computer which would help with tasks such as rendering CGI video faster. I use Cinema4d sometimes and rendering something takes ages, same for After Effects. If I could rent computing power to render them in minutes I would totally do it.
Based on some comments VB has made recently I am not sure if the Ethereum project even needs a blockchain.
Indeed. Send him your contracts, and he'll tell you who owns what with his superuser powers
Use PGP when sending him an email of course. Security first
But seriously, I think for short-term contracts, ETH and ETC are OK. I would worry more about the exploits of the contracts.
some project with ethereum has succesed like xaurum
they move from blockchain and now use ethereum
until now their project running well and legit
they move from blockchain and now use ethereum
until now their project running well and legit
Based on some comments VB has made recently I am not sure if the Ethereum project even needs a blockchain.
Anyway I don't trust the ETH blockchain. What you see is not what you get and what you're promised and advertised is not what you get either.
Anyway I don't trust the ETH blockchain. What you see is not what you get and what you're promised and advertised is not what you get either.
I find a lot of projects that have ongoing ICOs like Augur, Golem, SingluarityDTV and all those projects that use Ethereum to be very interesting, the big problem is clear: you just can't trust Ethereum long term. So im not sure if I should own some of those. I think some of those will pump hard, so im thinking about it.
Depends on the project since not all them have a good intention on running thosr project, and i don't really hold for more long days interms of ICO coins sincr they are prone to be dead or to be dump by thosr scam devs, so better be safe on supporting those since i don't see any successfull ICO's nowadays who get more alive for many months so precaution for those one the best thing we could do so we can have step to regain if we lose, ETH system is the most favorite to copy by those lazy devs.
I kind of doubt ethreum project will succeed, after the hard fork a lot of user dump ethereum, and the trust level for either etc or eth is still not recover fully, and as myself still worry about how etc and eth will become in the next year
Just look around which app are they using. Look at the ICO that accepts ETH to be deposited to buy tokens because these just proves that its being adopted and being used already. It won't be long it will be use by lots of ecommerce sites.
It would take hundreds of hacks anf forks to bringit down. Its somewhat how bitcoin had been doubted by financial experts in the beginning.
I kind of doubt ethreum project will succeed, after the hard fork a lot of user dump ethereum, and the trust level for either etc or eth is still not recover fully, and as myself still worry about how etc and eth will become in the next year
I find a lot of projects that have ongoing ICOs like Augur, Golem, SingluarityDTV and all those projects that use Ethereum to be very interesting, the big problem is clear: you just can't trust Ethereum long term. So im not sure if I should own some of those. I think some of those will pump hard, so im thinking about it.
very interesting question and i was actually thinking about this a while ago. if you want to trade them then there is nothing to think about, if you see the potential of a pump then do it but if you plan on investing in them in the beginning it may not be a good idea because ethereum has already shown that they will break any contract that is not benefiting them personally.
ETH projects = trustful and backed by the foundation, 1000's of devs, and big mega money corporations. Therefore invest.
1000 really? lol
where did you get that number. bitcoin doesn't have 1000 developers still after this many years.
ethereum foundation is only a handful of people who has the control over the price, manipulating the market and dumping on ETC to prevent its rise and everything else https://www.ethereum.org/foundation
ethereum has only 34 people in it: https://github.com/orgs/ethereum/people
and people who are doing actual contribution (real commits) are less than 10
I find a lot of projects that have ongoing ICOs like Augur, Golem, SingluarityDTV and all those projects that use Ethereum to be very interesting, the big problem is clear: you just can't trust Ethereum long term. So im not sure if I should own some of those. I think some of those will pump hard, so im thinking about it.
ETH projects = trustful and backed by the foundation, 1000's of devs, and big mega money corporations. Therefore invest. ETC projects = untrustworthy and not back by the foundation, nor many devs, beyond 2 at last count, and no big mega money corporations. Therefore do NOT invest.
I don't know what you have against ETC, but that's hard ! Any project working on Ethereum can be ported onto Ethereum Classic. ETC don't need any developpers, all the work is made by the ones of the hardfork chain.
i can trust because i won't spend that im not ready to lose
Either way its good for ETH and also good for the project. If you trust thT the peoject will have a good success and that the development of the texhnology will be revolutionary then trust not only the project but also ETH for it helps the ETH demand.
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