It is nothing more than the market sentiment playing through. Yes a lot of projects in ICO stage, sold their ETH and the price got lower, but this is always going to happen, cant grow a business with crypto, they need fiat. ETH will rise again soon, Still by far the most popular blockchain out there for launching projects on, once they solve scalability then its off to the moon again
ICOs have to liquidate their Ethereum warchests at some point as they need to fund their companies and pay staff. This would not occur if cryptos were accepted on the high street more often. As such it is not market sentiment but a dumb fund-raising model (the ICO) that is at fault.
They have to use use their ICO funds, but as they are sold people are buying. Cryptos are a long long way off being accepted on a large scale, let’s not kid ourselves. People seem to think cryptos are going to solve everything and be accepted by the end of the year. I am a huge believer in blockchain technology but also am a realist and see this taking years more to be accepted, regulation will come first. I agree that more has to be done to target the Ico model at present, but you can’t blame businesses from taking advantage of the process and easy money.
Badly written smart contracts (or purposely badly written). Eg. The DAO, parity and heaven knows how many early exploits that haven't come to light yet due to lack of auditing governance. How many hard forks can the system bear?
The timescale for the improvements to the chain. Because what you are doing is adding tape and bolting on bits. They aren't planned to be in place until 2022. That's a long time.
Ethereum was an amazing project and deserves a place in history but developers should move on and use the knowledge they have learned from it to produce something better. Something they can design from the ground up. An EOS killer, IOTA killer, Red Belly killer or whatever they consider to be the current state of the art.
Interesting, but the problem is that walking away from Ethereum wouldn’t inspire much confidence is the next project, or Buterin’s ability to solve problems. People will wonder how long will he stick around for next time. If they started again with a state of the art project, an EOS killer etc, then further down the line something else would come along to kill that, so they would be better off pursuing ways to make Ethereum scale. We have learnt that EOS has bugs in some Dapps and they say this has been resolved, but we’ll have to wait and see. PM what you think about that.
It is nothing more than the market sentiment playing through. Yes a lot of projects in ICO stage, sold their ETH and the price got lower, but this is always going to happen, cant grow a business with crypto, they need fiat. ETH will rise again soon, Still by far the most popular blockchain out there for launching projects on, once they solve scalability then its off to the moon again
ICOs have to liquidate their Ethereum warchests at some point as they need to fund their companies and pay staff. This would not occur if cryptos were accepted on the high street more often. As such it is not market sentiment but a dumb fund-raising model (the ICO) that is at fault.
They have to use use their ICO funds, but as they are sold people are buying. Cryptos are a long long way off being accepted on a large scale, let’s not kid ourselves. People seem to think cryptos are going to solve everything and be accepted by the end of the year. I am a huge believer in blockchain technology but also am a realist and see this taking years more to be accepted, regulation will come first. I agree that more has to be done to target the Ico model at present, but you can’t blame businesses from taking advantage of the process and easy money.
Scalability and getting real world data into the BlockcHain. Take a look at hyperledger
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Hyperledger lost out to Hedera in their bid for a private DL for all the Credit Unions in the USA.
There are two main problems.
Ethereum was an amazing project and deserves a place in history but developers should move on and use the knowledge they have learned from it to produce something better. Something they can design from the ground up. An EOS killer, IOTA killer, Red Belly killer or whatever they consider to be the current state of the art.
Interesting, but the problem is that walking away from Ethereum wouldn’t inspire much confidence is the next project, or Buterin’s ability to solve problems. People will wonder how long will he stick around for next time. If they started again with a state of the art project, an EOS killer etc, then further down the line something else would come along to kill that, so they would be better off pursuing ways to make Ethereum scale. We have learnt that EOS has bugs in some Dapps and they say this has been resolved, but we’ll have to wait and see. PM what you think about that.
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