I’ll say it, I’m a sucker. I got sucked in and I got burned badly. No, I’m not talking about Fiverr, I’m talking about the biggest scam in history called Ethereum.
Last year, I bit the bullet and invested a small amount in bitcoin. Since then, I have made upwards of a 400% profit. In this case, I don’t regret my decision one bit. Recently, however, my eye caught this new thing doing the rounds called Ethereum. I caught sight of it in December when one Ethereum coin was worth something crazy like $10 and today at $247, I decided to invest in this too.
Thankfully, I only bought 1 Ethereum coin. The problem is that I am still waiting for it to arrive in my wallet and apparently this might take between 10 hours and 11 days. - WTF!
Now to be clear, I have no doubt that I will get my Ethereum coin. However, the plain and simple fact of the matter is that with this kind of transaction latency, no one will ever be able to use this thing as a viable currency! In fact, neither will anyone be able to use Ethereum for the smart contract mumbo jumbo which the currency is apparently intended for. (As yes, I know that Ethereum is not considered to be money in the same way bitcoin is).
In this case, Fiverrians, if you too are cryptocurrency dabblers like me, DO NOT invest in Ethereum! It’s a completely unusable steaming pile of bull which because of transaction latency alone, can’t do anything but explode spectacularly in future. Don’t buy the hype and stick with bitcoin!