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Been Away. How likely is it that Ethereum is successful?
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I don't hold any crypto. Not because I don't know how but because my analysis years ago showed speed bump after speed bump. The last time I held crypto, scalability was all the talk. My understanding of the plasma solution showed it was very vulnerable to attack. I'm now hearing about Ethereum 2.0 and sharding.

The thing is, sharding still doesn't bring TPS above other chains or anywhere close to the legacy networks. And correct me if I'm wrong but PoS was promised and delayed years ago.

I've also met with entrepreneurs looking to build private chains because all the decentralized chains were too slow.

Last, if Libra gets the green light, wouldn't it become the most widely used crypto overnight? I find it hard for the average Joe to care about Ethereum if they can send and store Libra in their Instagram app. Ethereum is still pretty complicated with hardware wallets, Meta Mask plugins, seed phrases, etc.

What am I missing? Where is that tipping point that allows a decentralized ecosystem to reach critical mass?

I'll leave you with a quote from Taylor of MyCrypto

"Just because you made something decentralized, doesn't mean that you made something valuable."

Cheers!

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Gentleman

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5 years ago