Review on Ethereum by Mertcan Ölçer
My Ethereum Review
The purpose of this analysis is to execute an objective and quantitative evaluation of the Ethereum network. Why? Ethereum’s token ETH price has been in a spectacular free fall for the past few months. From a high of over $1400 in January 2018 to the May push to almost $800, ETH has now reached lows around $240. This surprising price movement made me want to reconsider my thoughts on Ethereum again from scratch and without emotions.
In addition groups are targeting the Ethereum network with a negative campaign using the same strategy they used against IOTA in the past as you can read here. I therefore would like to make my own opinion.
I would like to present my background so that you understand my point of view. I have been in the currencies business for 10+ years. I built a business around market making, high-frequency trading, brokerage tech in currencies with 5 offices around the world and trading $100bil per month. I also built Luna Cap Ventures: making venture debt loans to early-stage companies. I also built companies from scratch multiple companies in fintech, craft breweries, augmented reality, etc. I am an engineer and scientist by background (a diploma from MIT among others). My bio is below if you would like to learn more.
Also as a disclaimer: I believe in the opportunity offered by the Ethereum network. I participated in a few ICOs. Some of them are the PIX token which I run , First Blood (1ST token), Air Fox (AIR token), etc. However I try to re-evaluate the pros and cons of projects I am involved with regularly to make sure my decisions are logical and objective.
Pros
- Leverages blockchain
- Functionality
- Colossal community
- Per day traffic
Cons
- Sluggish transaction speed
- First-mover disadvantage
