Thread by @BitcoinBrains

Here is a thread about what #Etherium does well.

Inspired by this INX stuff.

Get your pitchforks out...

2/ A tremendous amount of somewhat working, software and infrastructure exists on and around the Etherium network.

Much of it is open-source.

Wallets, block explorers, whitelists, token issuance and control, dexs I guess?

3/ I can see why a project like INX would use Etherium. It's fairly quick and cheap to issue a token.

Exchanges already support them and your potential buyers already know how to use them.

4/ If @VitalikButerin rolls back the chain or shuts down your project with his magic gavel, the underlying obligations created by the investment contracts will still exist and can be reissued on a different chain(or database or paper).

5/ In a lot of ways, Etherium is a decent way to quickly and cheaply test out an idea that you don't need to be trustless or scaleable.

While it's not paradigm-shifting "world computer" or a "DeFi" revolution, it wouldn't be the worst idea ever... except for one detail...

6/ IT WAS BOOTSTRAPPED BY BILLIONS OF FUCKING DOLLARS OF RETAIL INVESTMENT WHICH IS NOW 95% GONE.

OMFG YOU FUCKING ASSHOLES WASTED BILLIONS BUILDING A HALF WORKING TOKEN ISSUANCE PLATFORM.

7/ Etherium is not trustless.

Ether is not money.

The token and the unit of account are scams.

The network will probably never be much more useful than it is today.

8/ Anyone telling you otherwise is an idiot or a scammer.

9/ Also my thoughts on INX...

It looks like a terrible investment for token holders.

You couldn't sell this on traditional markets.