Ethereum Obituaries

Ethereum has died 10 times

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Dec 06

“Ethereum In Free Fall As Floor Beneath It Drops” – Cointelegraph | $7.58

While Ethereum was and may still be labeled as a promising technology, it has failed to deliver in terms of either a solid application or in terms of appreciation for the people that have put faith in it.

Oct 05

“Why I’m short Ethereum (and long Bitcoin)” – Medium | $13.22

When it passed a market cap of $1.5 billion, both in March and in May, Ethereum became the highest valued non-bitcoin cryptocurrency ever.

Sep 07

“How Bitcoin Succeeded Where Ethereum Failed” – CoinJournal | $11.58

Adaptability and flexibility may not necessarily be completely positive features in the world of public blockchains. When changes can be made to the protocol with relative ease, it’s possible that the network will move away from the base principles that gave the system value in the first place. Source (cached)

Sep 04

“The Bizarre Fallout of Ethereum’s Epic Fail” – Fortune | $11.76

But the protocol, long touted as a more sophisticated heir to Bitcoin’s throne, has undeniably been battered. And its most ambitious promise—that code can completely supplant the role of institutions and laws in securing financial transactions—may be down for the count. Source (cached)

Jun 21

“Bitcoin rival Ethereum fights for its survival after $50 million heist” – Ars Technica | $11.82

Imagine a $50 million diamond heist that isn’t investigated by any police body, and more than four days later, the broken vault that made the whole thing possible remains unfixed and suffers follow-on attacks by a group of marauding copycats. In essence, that’s what’s happening to an elite group of investors holding Bitcoin rival Ethereum, and the events threaten the very survival of the fledgling cryptocurrency.

Jun 20

“Ethereum is Doomed” – Satoshi Nakamoto Institute | $14.13

If you want a smart contract that you can actually use, you have to be certain that it is bug-free before it is deployed. there are no known tools or methods available to Solidity developers which could provide an appropriate level of certainty. Such tools will take years to be developed and until they are in common use, no Ethereum smart contract should be trusted. Ethereum is doomed. Source (cached)

Jun 17

“The Fundamental Problems with Ethereum” – Medium | $14.85

Bitcoin, having no single point of failure, reliant on the word and competence of nobody, and with an unfathomably enormous processing power arsenal protecting it will remain in a class of its own. And anybody who doesn’t believe that will pay a heavy price for failing to understand this, like what happened with the suckers who invested in the DAO.

Mar 28

“Counterparty Community Director: Ethereum Can’t Work, it’s 100% Hype” – NewsBTC | $11.53

“Ethereum cant work,” explains DeRose. Be wary about endorsing this project, its 100% hype, with no substance. “No one needs smart contracts.

Mar 09

“Why your Ethereum project will most likely fail” – Medium | $10.67

Any non-trivial project, be it a startup, a political organization or a civil society initiative, will most likely fail.

Dec 25

“Maybe it is too late to save Ethereum” – Wall Street Technologist | $0.88

Several months ago I reposted an article about the troubles that Ethereum were facing.  At the time I thought that it may still be possible to salvage something out of this generic turing complete smart contract platform.  Well, I finally spent a some time to figure out how Ethereum works in order to convince myself about it’s technical merits.  I had in the past spoken to its technical head Gavin Wood, and on occasion debated some economic issues with Vitalik on social forums but I had never really put in the time to learn about Ethereum myself, so refrained from making any