I took my money OUT of Ethereum for now! I'm allergic to cryptokitties!steemCreated with Sketch.

in cryptokitties •  7 years ago 

They are cute, they mate and make others, they are clogging up the Ethereum Network!!!

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The Ethereum market took a nosedive back in September when ICOs were every other day and China BANNED them due to large amounts of fraud! The TRANSACTIONS of everyone dumping took the network down to a crawl and took awhile for it to catch up!

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If you are interested you can read about what happened here: https://www.coindesk.com/ethereum-drops-250-price-hits-inflection-point/

The price took a sharp turn when ICOs were coming out every other week and this Blogger saw the coming fall of the price because of ICOs!

https://steemit.com/cryptocurrency/@calaber24p/we-are-seeing-the-effect-of-icos-on-the-ethereum-price

NOW, there is a NEW threat to the Ethereum Network! IT'S CRYPTOKITTIES!!!

They are TAKING OVER 11-15% of the network transactions in JUST TWO WEEKS and it's NOT slowing down!!

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Bloomberg reports (which means mainstream is getting this bad news) that OVER $3million in transactions have been put thru the network on behalf of CryptoKitties!! And SOME kitties are selling for OVER 100k after being BRED! WTF!!

https://www.bloomberg.com/news/articles/2017-12-04/cryptokitties-quickly-becomes-most-widely-used-ethereum-app

SINCE I'm allergic to cats, this game does NOT appeal to me!! You DO know that CryptoPuppies is probably around the corner! Which will just clog up the Ethereum Network with MORE virtual dog and cat hairballs!!

Check out this link for their marketplace and see WHY Ethereum is in danger until they update the Ethereum blockchain software! So for now, I'll pass. https://www.cryptokitties.co/marketplace?orderBy=current_price&orderDirection=asc&sorting=cheap

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THIS IS WHY I HAVE TAKEN 90% OF MY MONEY THAT I HAD IN ETHEREUM AND PUT IT ELSEWHERE!

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