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> I thought Ethereum was a pre-mine scam at first (kinda still do) This hits home. I really refused to acknowledge Ethereum for a long time, because I thought
by MildlySerious 5y ago
> I thought Ethereum was a pre-mine scam at first (kinda still do)
This hits home. I really refused to acknowledge Ethereum for a long time, because I thought smart contracts and their need for oracles were stupid. Shifting around trust, instead of eliminating it. Security by obscurity, but for trust, is how I thought of it.
I agree with and share the sentiment of the rest you're saying also. Bitcoin and PoW generally are no longer interesting or useful to me, but I also feel sometimes like I haven't really warmed up to the rest of the sector yet.
I only mined with my desktop GPU. While I considered it, I never took the plunge and scaled up - instead I just bought more Bitcoin and sat on them for a little while, before I transitioned to other coins and tokens completely.