If you think crypto is a scam, fuck off. This isn't a post for you.

It's been said that Bitcoin is for republicans/patriots/sound money types, etc. but Ethereum is for democrats/communists, etc. If you understand the tech and you understand they communities in crypto, you'll understand why. IMO, Ethereum is a shit tech that can't scale, though a cool lab experiment. It's success will cause it to implode ultimately. There are changes that can mitigate that but it involves a stake model in which the rich get richer. Smart contracts are a bit of a joke. There are some very simple and limited things, but the complexity risk is out of this world. Basically, until now, the value of ethereum is for other shitcoin scams to easily build, get capital, and shill wild garbage. It wouldn't be all that bad if it didn't involve real money. It's worse, much worse, than the internet shitstocks of the late 90s. These are literally 10 mins of code, a shiny website and some shills paid in premined coins to pump and dump…and there are thousands of them. Ether itself is just a transactional coin to make the jukebox play the next song. Ethereum is starting to really go up in price…and from many years watching the space, I think it is directly related to Joe Biden getting close to securing the presidency.

Don't get me wrong, Bitcoin has it's own legitimate criticisms, but at least the model and the philosophy are on point with reality.