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I sincerely thought from the beginning that Ethereum was going to implode because its core conceit of running a distributed VM was too insecure. The last straw
by syntheweave 5y ago
I sincerely thought from the beginning that Ethereum was going to implode because its core conceit of running a distributed VM was too insecure. The last straw was going to a launch party for the token and seeing the kind of people that were there; one lady ecstatically saying "we're all gonna be rich" got my senses going "they're actors - they have no real ability to discuss this tech, it's gotta be a scam", and I went home and found other alts to go into.
Many years and thousands of faulty Solidity contracts later, I still haven't been entirely vindicated. I certainly missed the boat on the gains, though I still did OK overall with my other moves. As it turns out, both the type of dev and the type of investor Eth attracts have never really changed: both are a bit too awed by the raw tech and its generality to think through the application in more detail than "we can make it and you can buy it".
But hey, it worked, the party is now crowded with apes; it's probably time to exit, though, cause I can't see it staying like this forever.