{ "title" : "/u/Dunning_Krugerrands's 'FUD List of Doom' from Early 2016", "sort" : "22", "category" : "Best Of", "description" : "Best Of", "date_published" : "2017-07-05T08:00:00+08:00", "date_modified" : "2017-09-26T08:00:00+08:00" }
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This is part of a series where Taylor pulls sweet comments she has made or found over the years in the hopes that they can be useful, searchable, remembered, referenced, and / or aid in creating the future Knowledge Base posts.
Ok so I'm bullish but I'll chime in with my FUD list of doom! :)
- CASPER POS is challenging and not 100% certain it will work.
- Scaling & sharding is challenging and not 100% certain it will work.
- Maybe despite being batshit crazy Paul Sztorc could be right that oracles are impossible
- Possible long term security holes of fundamental flaws might be discovered
- Foundation has limited funds.
- Key developers could be poached.
- Still not seeing evidence of significant VC investment.
- R3 may win financial market
- Hyperledger may win IOT market
- Ripple could win international settlement & remittances market.
- Some anon coin may win the darknet market
- Could have a million ethereum alt coins indeed consensy could themselves fork Ethereum
- Bitcoin might finally sort out their politics
- Rootstock & counterparty
- Some new unknown coin could be a better ethereum than ethereum.
- Goverments could clamp down on crypto exchanges
- Goverments could require permissioned system or back a rival system
- Goverments could clamp down on IPO or crowd shares
- Goverments could clamp down on issuance of assets or create more onerous KYC requirements
- If Kraken or Polonex is the new Mt Gox
- If some scam or pyramid scheme gives Dapps a bad name
- If a significant number of wallets are hacked
- If Ethereum community becomes as toxic as the bitcoin community
- It is hard to communicate what Ethereum is
- Press insists on using the term 'blockchain' or 'bitcoin'
- Ethereum PR sucks.
- It is still hard for 'normal people' to buy Ether and securely store it.
- There is not yet a killer app
- Maybe nobody actually wants Dapps or even crypto currency they just want an investment opportunity
- Even if there is a killer app the advantages of decentralisation are unclear
- Maybe noone actually cares about decentralisation apart from nutjob bitcoiners and they only care about bitcoin
- Still no major exchanges listing and hard to buy in directly from fiat
- Major Chinese exchanges may never add Eth because they make all their money from mining BTC so don't want Eth to succeed.
- Stable coins, gold & other currencies will be used for payment & wealth storage not Eth.
- Eth will lose it's monopoly for buying gas
- Because of competition & scaling transaction fees will fall to the cost of operation & capital.
Although even with the above I still put us way above Ripple & even BTC.