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 critical opinions on it. After having done some preliminary research, I am of the opinion that it may be too late to save it.