Ethereum’s controversy fork to retrieve DAO exploited funds has created allot of unintended negative consequences for the smart-contract project.
We would like to share some points of views from industry experts & investors
Mr.Vinny Lingham (@VinnyLingham)
CEO of CIVIC, Entrepreneur, Angel investor and Shark in The Shark Tank on ABC.
“Ethereum reputation has been damaged with the finance and banking community”
All the previous expectations how Ethereum was going to solve the worlds problems in the non-bitcoin space has gone out the window.
Because people just dont trust it at the moment.
“My friends who are looking at ethereum for their banking projects, finance projects and smart-contract projects they are not looking at ethereum anymore”
Everybody is taking a step back and doing a wait and see, this is the problem and i think the market has not factored that in yet.
Im not sure if ether is a store of value, the supply hasn’t been limited yet, still waiting to see what that number is going to be.
If you have 2 chains now, why do you need so much ether?
you could use either chain now.
$ETC (Ethereum Classic) $ 152,204,665 marketcap $1.84 per coin 82,920,016 ETC supply
$ETH (Ethereum forked) $967,960,257 marketcap $11.67 per coin 82,940,059 ETH supply
(See full Interview @BitcoinReport Podcast)
What are your thoughts on the fork? Tweet us @CoinTimes_Tech