Ethereum is at best a $13 billion science experiment, according to Adamant Capital founder, Tuur Demeester.
He made the case against Ethereum in a 50-point tweetstorm, during which he labelled it “the Yahoo of our day – an unscalable “blue chip” cryptocurrency”.
It is seriously good stuff, with other highlights including…
3/ I've followed Ethereum since 2014 & feel a responsibility to share my concerns. IMO contrary to its marketing, ETH is at best a science experiment. It’s now valued at $13B, which I think is still too high.
— Tuur Demeester (@TuurDemeester) December 28, 2018
5/ To me the first red flag came up when in our weekly hangout we asked the ETH founders about to how they were going to scale the network. (We’re now 4.5 years later, and sharding is still a pipe dream.) https://t.co/jS5OU08g5E
— Tuur Demeester (@TuurDemeester) December 28, 2018
You can catch the tweetstorm in one place here. Enjoy!
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.