Idk how much bad of an idea it actually is? Because the wsb discord guys seem to be trying to hold dogecoin until it's $1. Thats a substantial increase but pretty unlikely all things considered.
Maybe, his deal. I try not to go for things like coins that I don't inherently believe in.
Can I ask why do you consider Ether so bad?
I've mentioned it before, but when Ether wound back the chain and changed the rules to protect the DAO they voted for transactions to be inherently malleable. At that point they chose the path of "a group of people will decide who owns what coins" instead of "let the chips fall where they may". DAO was not punished for their errors, they were rewarded.
I find this bad. Evil sort of in a system where transactions are absolute. That's why I have a bit of ETC (the chain that didn't fork) because they chose the right path. Even if it's a massive price difference between the two.
I guess I'm weird that way. But it's what attracted me to bitcoin and well, here I am.
ETH had something like a 50% pre-mine. where i grew up pre-mine was equivalent to scam all by itself. ETH has no limit, no cap. the founders with the ETH foundation can decide to produce as many as they wish and they showed from the beginning that they have no problem with shoving that into their own pockets. ETH has no pre-set, clear monetary policy. they are constantly shifting their narrative about what eth is being made for. they started out as aiming to become a "world computer". this narrative they have buried. now they are claiming it is a better money than bitcoin, since it is programmable money. but ETH has never reached and never will reach
digital scarcity. how can it hold any value when it is neither decentralized nor capped? While constantly shifting goalposts, the ETH protocol is a technical mess, overcomplicated, no focus, promising plenty, delivering postponing ad infinitum. on top of it eth heads are criticizing POW, while using it themselves while promising POS, which gets constantly postponed and if implemented, is a scheme where large stack holders get to say how ETH is going to operate in the future. and guess who is the largest stake holder? pre-mine my ass. it s one giant marketing scheme. the only use case ETH is actually used for is to create ... well.. more scamcoins. ICO, ERC20, DeFI is mostly are scams that were carried out using mainly ETH. they constantly announce with great detail what they are going to implement next. later, most of the stuff gets silently buried. there should not be any market for this scam. if they would be serious about building something solid and fair, they could and should do it on a testnet. why sell their product to retail when there is nothing this scam can be used for?
i could go on and on. ETH is the biggest scamcoin by market cap. it shouldnt be traded for money.
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