I'm not sure... I think there's quite a bit of genuine development. But at the end of the day, it appears anything you can build on ethereum you can build on bi

I'm not sure... I think there's quite a bit of genuine development. But at the end of the day, it appears anything you can build on ethereum you can build on bitcoin. Beyond that they did this huge crowd funding which was quite strange, not through investments or donations (ownership or charity/support), but rather through selling ethers, which is a bit like an API selling an access token. Only the ethers sold for upwards of $15-20 million as far as I remember, while not having any real value, and not being necessary in large volumes for developers to work with. They said it wasn't an investment, yet sold it as such. Nobody got any ownership, yet people didn't give them $15 million+ out of charity or support, either. They also had this strange scheme where the price continued going up, again, as if it was an investment that was 'on sale' and if you didn't buy now, it'd only become more expensive, in the span of like a few weeks while whatever you were supposed to buy (ethers) didn't go up in value, and in fact, remained non-existent as you couldn't use them as it my next point: vaporware. Sot the fact it's still vaporware (can change, but factually speaking its vaporware today) and the fact that nothing ethereum does can't be done on existing platforms, which unlike ethereum actually exist, work, are used by large companies and has network effects, and the focus on Vitalik being some brilliant 20 year old next Zuckerberg, it's very much reminiscent of pump & dump. We'll have to see. They've got the money, the team, a paper, and some promises for a 2015 launch. So we should know soon enough. I've got modest hope, but I'm not terribly excited.