Fact: GPU Mining Hobbyists are pricing themselves out of profits by increasing the difficulty, ensuring that only the large players will see returns
Fact: Reliance on a speculative increase in price or a constant difficulty for your profit model to pay out means you will never hit ROI
Alternative Fact™: Even if you buy 1060’s at 300+ now, you’re sure to make it all back in a few months!
Fact: You will make more money, in all cases, by investing the same amount of money in BTC that you did in mining capital given the same ROI period.
Fact: Unless it has real world use-cases outside of speculative/capital control avoidance, it’s being overvalued in the current market.
Alternative Fact™: ASIC resistance means anyone can get started! It’s a totally level playing field!
Fact: Decentralized applications are Ethereum’s one market differentiator.
Fact: It’s hundreds of millions of times more expensive to run anything on ETH than on a cloud platform, like AWS.
Alternative Fact™: Ethereum is intrinsically useful and not an investment speculation bubble.
Fact: Ethereum scales worse than traditional coins like LTC or BTC because of the massive computational overhead and ledger size
Fact: every large project built on Ethereum has thus far been an affinity scam or ponzi, often with disastrous results. (e.g. The DAO)
Fact: there are no dApps in production today that aren’t attached to their own speculative token, and none in production on mainstream use-cases.
Alternative Fact™: ICOs are disruptive blockchain innovation that will change the face of startup investment.
Fact: A central authority controls code clearance for Ethereum, as well as a majority financial stake/position.
Fact: This governing body has no problem with forking on a price crash, and a fork necessarily destroys anything built on top of the old chain. This means ICOs and dApps can exit or dump any time a hack or theft occurs.
Alternative Fact™: Vitalik acts as a rational thought leader at the helm of the Ethereum foundation, and his strong governance protects the ecosystem.