To be clear, there is A LOT of Fraud in the world of Crypto and I believe that ETH or smart contracts have no place in the complex world we live in. BTC, has the collective conciseness of perceived value but also no utility. Hype and Fraud different things
Looking forward to joining the esteemed panelists at Berkeley Law Fraud Fest. Will focus on the fraudulent crypto ecosystem. Ethereum smart contracts? WTF? Still 140 bil of mkt cap. ETHE will go right back to $300 https://t.co/uVjCiyQxBl
Citron has spent the past year and a half not being vocal on the short side as whatever potential rewards did not justify the trolling of family members on and off line. But sometimes it becomes just too difficult not to bite your tongue and not chime in on the obvious
As ETH still trades above 1000 with a mkt cap of 140 billion. We say WTF? Every high-flying real software/cloud company is trading back to pre-pandemic levels which puts ETH at 200 (which is still expensive)
Just saw Mike N on CNBC discussing use cases and the first and only thing he said was the ability to buy collectibles. Anyone who thinks smart contracts and DAO are going to replace escrows and banks has obviously never conducted real business
If you want to say that BTC is digital gold because it has collective thought than that is your choice. But to think that a 140 bil software company whose primary use case is to buy online collectibles then joke will be on you
ETH has never passed the intellectual honestly smell test regardless of the web3.0 dreams that are being sold by a collective of Silicon Valley VC who will never be held accountable for the claims that have been sold to the unsuspecting public over past few years