So I read ur post. I was looking for some reason why eth cannot succeed. Your argument that ICO will be the death of eth, does not compute to me. But it does make an argument for bubbles. However markets take care of this stuff and as soon as projects create real eth economics the price may actually stabilize. So I don't buy that argument. At all.
I do think that eth has competition and will have to compete and may fall to a better version of platform. EOS sure it may kill eth. But I hate about your article that you seem to really be convinced that that eth will not make it, but don't really bring a logical argument for it.
I did not say it will not succeed, actually in a financial sense it already succeeded. What I said is it will eventually fail because of incompetence and greed. I still trade ETH and Tokens, if you read my post about BAT you know I actually encourage people to trade it. What I am worried about is the bubble this is creating and people losing their caution. A lot of the token projects are pure money grabs. I can name a few which are not, I am big supporter of the MKRDAO, BAT, and some others but it's not those I am worried about. It's the other 70% which are nothing but vaporware + an ERC20 token Contract.
So u simply believe that the only reason it will fail is because of the ICO hype right now?
Or is there another reason u see it fail?
The above just does not make sense to me, it will lead to a crash which will then renounce to a healthy level, killing of many investment etc but ultimately will lead to healthy ecosystem.
So I don't understand how this can lead to ultimate failure of the platform.
@knricky The crash will not be from the Tokens cashing out alone. Ethereum developers so far had the luxury to screw up without major repercussions. That will change soon with the emerging new competing projects. Being first does not give you unlimited time to fix your approach. We all saw what happened to Netscape / Altavista / and many others when more competent projects emerged.