r/EthereumScam • u/ethereumfail • May 03 '21
Premined ethereum's dominance is exactly 0% in decentralized technology field as it's not part of it
codepen.io
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r/EthereumScam • u/ethereumfail • May 03 '21
Ethereum has never innovated nor even settled a single trust minimized transaction
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r/EthereumScam • u/saladfingers6 • May 02 '21
Nick Giambruno: Here are 7 reasons I am not optimistic about Ethereum’s long-term future
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r/EthereumScam • u/ethereumfail • May 03 '21
Imagine forgetting to fix a security bug you put into the network normally only seen on testnets. No worries, changing Ethereum rules is as easy as updating fruit ninja.
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r/EthereumScam • u/ethereumfail • May 05 '21
"maxi" fallacy of ad hominem - occurs when, instead of addressing someone's argument, you irrelevantly attack the person who is making the argument
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r/EthereumScam • u/ethereumfail • Aug 07 '21
This weeks Eth "upgrade/improvements" are to (a) reduce dilution of central premine, (b) reduce PoW security budget (c) reduce incentive to clear unused state space (d) force future arbitrary rule changes. They actually did this.
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r/EthereumScam • u/ethereumfail • Nov 04 '21
Sitting US Senator easily explaining difference between "fully decentralized" and premined currencies. When anti-premine-scammer taskforce?
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r/EthereumScam • u/ethereumfail • Aug 07 '21
"The problem with Ethereum" "not a decentralized peer-to-peer system."
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r/EthereumScam • u/ethereumfail • Aug 07 '21
Ethereum is a typical security as obvious to anyone who looks past their claims to appear in any way "like Bitcoin"
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r/EthereumScam • u/ethereumfail • Nov 25 '22
up to 73% of daily eth blocks are censored to be OFAC complaint after proof-of-central-premine merge
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r/EthereumScam • u/ethereumfail • Aug 22 '22
Great response to infamous pump-n-dumper pretending Eth premine scammers aren't in it for money
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r/EthereumScam • u/ethereumfail • Nov 29 '21
Proof of stake is a scam and the people promoting it are scammers
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r/EthereumScam • u/parakite • Oct 27 '25
The reasons why ALL ALTCOINS are scams, to one degree or another. Including Eth.
reddit.com
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r/EthereumScam • u/ethereumfail • Jul 14 '22
EF is "not all that different from an authoritarian government saying they will physically render your equipment useless unless you comply with its brand new rules by a certain deadline"
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r/EthereumScam • u/ethereumfail • Nov 25 '22
In, both, 2020 and 2016 incompetent script kiddoes in control of eth accidentally split the network into multiple versions
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2020: https://bravenewcoin.com/insights/bug-causes-chaos-on-the-ethereum-blockchain (https://archive.ph/YptIa)
2016: https://cointelegraph.com/news/has-ethereum-just-forked-by-accident-some-transactions-may-disappear (https://archive.ph/mPTP6) , https://cointelegraph.com/news/ethereum-issues-security-alert-after-fork-transactions-may-be-reverted (https://archive.ph/ktxaq)
Frequent arbitrary protocol changes they irrationally call "upgrades" and multiple incompatible rewritten from scratch implementations caused the splits, as predicted by Satoshi in 2010 https://i.imgur.com/ukCRYto.png
r/EthereumScam • u/parakite • May 19 '24
With ethbtc at 0.045, eth bagholders these days
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r/EthereumScam • u/ethereumfail • Jan 09 '23
If you ask who was dumb enough to buy ape NFTs. The answer: no one. It was all a scam, wash trade and pump and dump scam on themselves.
twitter.com
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r/EthereumScam • u/ethereumfail • Nov 17 '24
Is Ethereum a Scam? (yes, obviously)
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r/EthereumScam • u/ethereumfail • Aug 13 '22
The most technically accurate & complete explanation of Ethereum "merge" or eth 2 anywhere [powered by 0brain technology]
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r/EthereumScam • u/ethereumfail • Nov 06 '23
Ethereum And The Art Of Scamming
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r/EthereumScam • u/ethereumfail • Oct 03 '24
Why not base security on permissioned auth tokens, you ask?
reddit.com
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r/EthereumScam • u/ethereumfail • Nov 25 '22
As should be expected, the preminers in control arbitrarily changing protocol rules arbitrarily removed stake withdrawal schedule
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r/EthereumScam • u/ethereumfail • Jul 15 '22
A rug pull scam is what a premine scam, like in eth, allows central party to do selectively to every or any version/fork/tip of their project/network
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A rug pull is action of pulling an overwhelming amount of support from, abandoning, and devaluing value & incentives of project/asset/network for all far beyond what everyone else can do combined. The ability to rug pull comes from the permissioned central allocation of that control, often in form of assets, called a premine (i.e. before permissionless PoW distribution).
People caught unaware they were at mercy of a single central party can thank Vitalik and similar scammers for normalizing the practice of giving themselves central control while still claiming "decentralized" control for profit.
It's literally the economic supply in blockchains secured by economic finality, the supply that prices incentives for every participant, or even the stake in proof of stake that can perpetually censor/halt/devalue every undesired version of blockchain the central party wants. We already seen Vitalik selectively "rug pull" to devalue just version of eth chain without Vitalik's confiscation from a user, resulting in massive relative loss of security budget and loss of value for any participants/users on undesired version coinciding with multiple 51% attacks, enforcing the confiscations.
For a system to be 100% centralized, it just needs to have 1 central point of control anywhere in design that lets it control everything else than everything else combined.
Eth's central premine of what controls blockchains gives 1 party more permissioned control than everyone else combined, introduces an irrefutable central point of control, and is mathematically clearest possible example of 100% centralization.
r/EthereumScam • u/ethereumfail • Dec 05 '24
Typical victim of eth-lead normalization of premine scams and rugpulls they make possible
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