RE: 7 Reasons Why ETHEREUM is Better than BITCOIN!

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7 Reasons Why ETHEREUM is Better than BITCOIN!

in bitcoin •  7 years ago 

I've been looking into Ethereum the last few days and it looked like it was going to be a better investment than bitcoin since it is in its early stages and seems to have greater potential. I was about to shapeshift half my bitcoin into ether but I just recently came across some concerning information. Unfortunately, I am not an expert and I can't understand half the stuff these guys talk about, so instead of trying to explain I will just point you in the right direction.

https://www.reddit.com/r/ethereumfraud/
This community is dedicated to exposing ethereum as a fraud. Look at the sticky thread, titled "FAQ: What exactly is the fraud in Ethereum?" That would be a good place to start. The thing that initially got me concerned was someone pointing out this tweet from a developer: https://twitter.com/vladzamfir/status/838006311598030848

Here is an article about that tweet: https://cointelegraph.com/news/ethereum-not-safe-but-safer-than-other-blockchains-vlad-zamfir
The title is misleading as it says Zamfir claims ethereum is safer than other blockchains, yet the article concludes with a quote by him where he says "Is Ethereum at least more safe or scalable than other Blockchains? Maybe."

I am not smart enough to understand all of the information, especially what is written in that reddit FAQ, so I decided to post the resources for everyone's consideration. Take a look before getting involved. I think I will just sit on my bitcoin for now.

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VladZamfir Vlad Zamfir tweeted @ 04 Mar 2017 - 12:40 UTC

Ethereum isn't safe or scalable. It is immature experimental tech. Don't rely on it for mission critical apps unless absolutely necessary!

Disclaimer: I am just a bot trying to be helpful.

Thanks for sharing.