The notion that “Ethereum is a shitcoin” is passé in 2021.

wxa7115

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Quote from: bamb on June 17, 2021, 12:53:09 PM

I personally do not think ethereum is a shitcoin. Ethereum have come a long way, and every step of the way have been challenging to say the least! Bitcoin is arguably more decentralized than ethereum but, we must realize that ethereum network have made outstanding progress towards adoption of Cryptocurrency. Today, we are talking of defi, decentralized exchange and much more.

Many people have not been here long enough to remember but the reason many of those that have been here for long enough do not like ethereum has to do with the DAO incident, basically what it happened is that a hacker stole a lot of money from that coin and the ethereum developers decided to fork the chain before this happened giving their money back to the ones that lost that money.

This may seem like a good thing but it violates the concept of the immutability of the blockchain which means that anyone could steal your coins by changing the code, this event is what created ethereum classic which refused to do this and it is one of the reasons why some see ethereum classic as the real ethereum.

justdimin

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Quote from: larus on June 19, 2021, 03:51:47 AM

Lets be honest, none tokens will be able to overperform ETH and BTC. Thats how crypto works, name and release date are everything

You could be right about bitcoin because it is the first one and it has a great name, but that wasn't the case for ethereum at all. First of all we had namecoin as second, then for the longest time it was litecoin that was second. In order for ethereum to become second it had to shred its skin, become something new, have an infight that ended up with ETC to be created as the original how it was created, then ethereum had to help other tokens to be created on its blockchain, allow even nations to store stuff in its blockchain and then we are talking about ethereum convincing those places to actually come in, all of which took YEARS before it could happen.

Ethereum wasn't first and it certainly wasn't name neither. It worked very hard, vitalik made it happen and he really gave all the awesome things to ethereum in order to make it the second coin. I am not saying other coins will do it too, all I am saying is it is not timing, so others "can" do it if they work hard enough.

wxa7115

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Quote from: Digital_Lord on June 17, 2021, 12:47:01 PM

Just ignore these people who are saying that Ethereum is shitcoin. Because they are Bitcoin shillers they have been paid for shilling Bitcoin and damaging others altcoins. Or they are holding BTC their self so they are trying to say that others altcoins are shitcoins so people sell their altcoins and buy Bitcoin.

There is not such a thing, no one is paying people to only speak highly of bitcoin, those people are what we call bitcoin maximalists, basically they only believe in bitcoin and nothing more, personally I think there is room for more coins and good projects but to each his own.

However the number of those projects is limited and due to the freedom that we enjoy in this market a great deal of projects do not succeed, which has lead many people to not trust altcoins and this includes ethereum as well.

Lantind

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Quote from: fvb on June 23, 2021, 05:08:50 PM

Anyone who says that ETH is a bad coin, he is a bad person. And in fact, he does not think so, but simply speaks in pursuit of his greedy interests.

Such a person is only more suitable to be called stupid not evil, because greed will not always bring him victory, so don't pay too much attention to such a person because there are more important jobs to ignore.

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Quote from: DrBitcoin on June 13, 2021, 08:04:50 PM

How can people like Max Keiser and Tone Veys still call Ethereum a shitcoin? I get all of ETHs flaws, but it is a working function product. Stablecoins are useful. DEXs are useful. These people are starting to sound like the Peter Shiffs of Bitcoin.

Wouldn’t these people root for DEXs to succeed? They love that Bitcoin is decentralized, DEXs are certainly less centralized than Coinbase.

Can someone justify this to me? I don’t get it.

There are 2 reasons why they are saying this.

1. Freedom of speech - we are in a place where we can say our opinions freely. If they see Ethereum as a shitcoin then so be it. I don't see any problems with it since they can just say anything that they want to it. They are a huge Bitcoin supporters and for them, all of the coins are shitcoins except for Bitcoin. They are maximalist lols Cheesy

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2. They are paid - another one is that they might be paid by some random people out there just to say negative things about Ethereum. Its also possible that the other competitors of Ethereum are paying them just to say things like that.

Overall, we know what Ethereum is. Some might say its a shitcoin still after what he did but some will say that it isn't because of the successes and upgrades that they've made.

fvb

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Anyone who says that ETH is a bad coin, he is a bad person. And in fact, he does not think so, but simply speaks in pursuit of his greedy interests.

Noruka

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I would say that that notion is up to anyone's opinion anyway. It hasn't really ever existed in the sense that Ethereum was commonly known for being a shitcoin. There was the Bitcoin maximalist camp who called it a shitcoin in order to protect their own investments, but that's it.

poodle63

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Quote from: larus on June 19, 2021, 03:51:47 AM

Lets be honest, none tokens will be able to overperform ETH and BTC. Thats how crypto works, name and release date are everything

name and release date aren't everything, ETH could become this big because it was the first cryptocurrency
that offers fully functional smart contract if i'm not mistaken while btc, as you can see is an icon of cryptocurrency.
many old coins that atleast top 10 in CMC once nowadays already got dethroned by newer cryptocurrency which offers more functionality, that's why name
and date isn't the only factor that decide which coin gonna have big market cap.

Lantind

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Quote from: aprilnot on June 18, 2021, 09:37:15 AM

only fools say ethereum is shitcoin. regardless of his judgment, it would be strange to say the smartcintract platform is a shitcoin. isn't it very clear that smartcontract is driving mainstream adoption. Many altcoin projects released today use smart contracts. so what they say is a mistake.

If I see the OP who made this topic it's hard to believe if he doesn't know Ethereum, because the OP has been here since January 2014, of course he knows Ethereum very well, but when there is a topic like this that he discusses, then this will become very strange thing.

_MrTuyul404

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The term shitcoin is used for cryptocurrencies that have very little value or even no value at all.
Is the price of ethereum so small? Oh no, ATH was $4.3k
Ethereum supply is capped at 18 million per year. Due to limited supply, Ethereum eventually became scarce.
Ethereum will no longer be producing additional tokens. In theory, the more tokens the value decreases. The same principle applies to stocks.
So still want to say ethereum is Shitcoin?

larus

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Lets be honest, none tokens will be able to overperform ETH and BTC. Thats how crypto works, name and release date are everything

Expecto

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I started thinking like these people are getting paid for saying something like this. Because it is obvious already that Ethereum is not a scam. Cheesy

If these people are serious about their statements, I really don't understand them.

VanDeinsberg12

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some people are really against altcoin and just gonna stick with that idea forever maybe because their investment portfolio are largely allocated to bitcoin and that's definitely NOT a problem

and why even cares about their opinion anyway, in my own opinion I consider a coin as a true valuable coin if it somewhat brings innovation and solves the problem that we're facing
it's not like if those people keep calling eth a shitcoin eth gonna magically gone, eth could still grow despite being called shitcoin many times in the past.

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Quote from: DrBitcoin on June 13, 2021, 08:04:50 PM

How can people like Max Keiser and Tone Veys still call Ethereum a shitcoin? I get all of ETHs flaws, but it is a working function product. Stablecoins are useful. DEXs are useful. These people are starting to sound like the Peter Shiffs of Bitcoin.

Wouldn’t these people root for DEXs to succeed? They love that Bitcoin is decentralized, DEXs are certainly less centralized than Coinbase.

Can someone justify this to me? I don’t get it.

Tone Vays is a loud-mouthed, covid denying, carnival barker. He's full of hot air and anyone who takes him seriously is an imbecile. If it weren't for his obnoxious personality and the propagandizing he would be much more respected because I do think he sometimes makes some good points with regards to altcoins. Over the years he's had some intelligent people on his show like Fluffypony who is not one of these religious zealots.

You mention stablecoins. These might give value to the network but not to the ETH token itself. ETH is only used to pay for gas but aside from that it is just another useless coin like 99% of all the other garbage ERC-20 coins. When you look at decentralized finance it is mostly about speculation and getting huge profit for minimal effort. I understand the appeal but there are also a lot of valid criticisms to be made.

Ethereum didn't create DEXs but they became popular when the ethereum-based ones became ponzi factories.

irsada

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Everyone has a different point of view, but will just what some people say will affect ETH?,, I don't think so.
Let's just say it's a criticism so that ETH developers are getting more active to make something even better, because as far as I know there is no altcoin that can surpass ETH until now.

Bitcoinjheta

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Quote from: DrBitcoin on June 13, 2021, 08:04:50 PM

How can people like Max Keiser and Tone Veys still call Ethereum a shitcoin? I get all of ETHs flaws, but it is a working function product. Stablecoins are useful. DEXs are useful. These people are starting to sound like the Peter Shiffs of Bitcoin.

Wouldn’t these people root for DEXs to succeed? They love that Bitcoin is decentralized, DEXs are certainly less centralized than Coinbase.

Can someone justify this to me? I don’t get it.

For me, this is a kind of strategic attack to ethereum coin to be spattered making way to other altcoins increase there ranking next to bitcoin. We all know Ethereum coin has already tested for many years being profitable gaining coin of becoming largest community and holders.

maisao1991

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Every top project has its roots in ERC20, what does this prove? I think Ethereun is a platform worth every project to lay a foundation to invest in, before gas costs are so high that projects leave it, if this shortcoming is fixed, I think all other platforms won't. comparable to Ethereun.

ene1980

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Quote from: DrBitcoin on June 13, 2021, 08:04:50 PM

How can people like Max Keiser and Tone Veys still call Ethereum a shitcoin? I get all of ETHs flaws, but it is a working function product. Stablecoins are useful. DEXs are useful. These people are starting to sound like the Peter Shiffs of Bitcoin.

Fundamentally there is nothing wrong in the statement as ETH is used to create shitcoin and it is a platform to spam the cryptocurrency space and added with the flaws and the network issues and the higher transactions charges what do you expect anyone to address them.

Quote from: DrBitcoin on June 13, 2021, 08:04:50 PM

Wouldn’t these people root for DEXs to succeed? They love that Bitcoin is decentralized, DEXs are certainly less centralized than Coinbase.

The only issue back in the day was the low liquidity but now things have changed and there are many DEX with good liquidity.

zonefloor

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This idea for ethereum is completely nonsense. 1.si ethereum is still heavily supported by its founder and the update work continues at full speed. Secondly, if ethereum is removed from the cryptocurrency market today, the market will go into a serious collapse. Because I am giving an example in the market, if there are 1000 cryptocurrencies, almost 900 of them use the ethereum subbase. In this case, the cryptocurrency market will collapse seriously. Finally, the majority of those who said this, got this perception after completely elon musk and his tweets. Elon musk has done nothing but manipulate for the cryptocurrency market. But Vitalik's contributions certainly cannot be ignored.

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Why should care what people like them say? Even haters will always hate whatever the conditions are. And we can't force them to like Etheruem. what matters is in ourselves. No need to listen to things that don't need to be heard, because this can affect our mentality and become carried away by the FUD flow.
Once you like Ethereum or other coins or projects, just focus on it, As long as you have done your own research and use your best strategy and considerations, you may not need to be influenced by the FUD

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