You should read up on it before you draw conclusions. It does have useful properties, it structurally is similar to Bitcoin while having the smart contract capabilities of Ethereum. Eth is inflationary, and being valuable is really not what you want in the token that drives your smart contract ecosystem. It's value is almost entirely driven by speculation. Further, it's designed to virtualize the mining process for all tokens that derive from it, that keeps work on chain and creates long term value rather than the ICO which is designed to remove as much money from people as quickly as possible.Whether those properties matter to you is up for debate, but we have replicated the semantics of Bitcoin very closely, on a network that does more transactions. It makes the store-of-value argument for Bitcoin very weak indeed.
fiatjaf|8 years ago
You are right about the up-to-debate value of the thing, so what I've said is my part in the debate.
You are also right that I didn't read everything, but perhaps a superficial view of the thing is missing from your perspective, since you've clearly devoted long hours thinking about this :P
buttershakes|8 years ago