The current crypto marketplace has attracted a lot of free-riders, scammers, profiteers, pump-and-dump investors, shitcoins and regulatory hoodwinkers, and Ethereum is at least somewhat responsible for this.
Ethereum’s Demise as a Cryptocurrency is Foreseeable
Michael K. Spencer
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Ethereum is a protocol, what people choose to do with it is their responsibility.

It’s like blaming HTTP for all the criminal activity that happens on the internet.