My problem with ETH and the DEV team.
Alright... Now I'm going to be very clear, I do not want to see ETH die nor do I think its a scam by any means... But hear me out and I would love your thoughts.
We have been on the forefront of the future with ETH, I understand there will be problems that arise that could not have been predicted, on the other hand the TWO major problems; DAO, ETC ( Ill explain why ETC is a problem later on.) Have been *"insider trading opportunities"* for the devs.
:engage tinfoil hat:
Take the **DAO**, the number one crowdfunded project in history is hugely backed by the ETH team... This to me was one of the huge mistakes from the get go/Conflict of interest *if you will*. The recursive attack is discovered, and blatantly ignored... Attack is carried out, ETH price dumps... Devs shorted and then proceeded to figure out how they could bail out and return the money and also "fix" the replay attack.
Devs, KNOW there is going to be two block chains... knew about ETC coming about and told exchanges to tell everyone to move their ETH into a wallet outside to ensure there would be no "problems" ... but in all actuality it was to keep the insiders money pumping. Coinbase for instance just got a replay attack, but had a cold wallet of millions ETC... All exchanges knew about this, and to make it even more clear we were given leaks of devs talking about dumping ETC to make profit...
The *hardfork* and the **problem** they haven't addressed.
With the survival of the first block chain, and lets be real the devs were fully aware this would happen... we now are presented with another problem, **another Hardfork** ... Yes you read that right ETH or ETC will indeed need to hardfork again, and my money is on ETH simply because ETC will absolutely stray away from the HF option. When this HF happens we will see another dip, and possibly three separate chains with another money grab for the devs.
The more and more I look into this the more I feel the dev team is not being as transparent as they promised, I purpose we dig into this deeper and possibly look into finding a better solution to these issues... Or I am certain that ETH with become as corrupt as the federal reserve.
TLDR: All issues with ETH have been insider trading moves that has made the DEVS alot of money.