Topic: Is Ethereum a vast marketing fraud? - page 2. (Read 1723 times)

As I try to research the actual value of Ethereum in the cryptocurrency economy I come across more and more evidence that it is a kind of good idea, one part of a general concept many people have been working on under various headings, but it is being sold as some major exclusive breakthrough. A 20$ improvement being marketed as a million $ advance in thinking.

First a person notices that there is not any organic activity to justify the valuation. Forums do not have the kind of activity they should have for something at that price. It is sort of like Ripple, an okay product, but nothing great, with a vast marketing apparatus pumping it higher and higher, a bubble getting ready to undo.

Looking at ethereum on Google Trends from January 2013 to January 2016, a person sees a steady increase in activity from December 2013, when it had a relative index of 5, to January 2013, when it scored 100. But if you extend the chart to January 2007 you see that the search term Ethereum peaked at 69 out of 100 in May 2007. https://www.google.com/trends/explore#q=ethereum&date=1%2F2007%20109m&cmpt=q&tz=Etc%2FGMT%2B10 In other words it appears that even the name may have been chosen because metrics had demonstrated it could be made to generate a false 'buzz' at a reasonable cost. Extending Google trends to today a person sees more growth but still May 2007 had 11% of the 'Ethereum search activity" that June 2016 has.

Buy? Sell? Hold?

It looks like a huge fraud getting ready to take a dump. One of thousands of "good ideas", but it is being marketed as "the best idea since bitcoin". What is it that convinced so many people that this modest step was some major breakthrough?