Wouter Schut
Jul 20, 2017 · 1 min read

What fundamentals are affected by this? Your article is devoid of actual substance in that regard.

It’s a bit like saying riding a bicycle is dangerous, so you better stop riding. Which on the surfaces seems to make sense. But the reality is that overall bike-riding increases health and wellbeing.

Likewise, Ethereum is still something worth pursuing. There are no fundamental issues at play here, Ethereum itself wasn’t hacked. This seems to be a learning curve for people to understand the importance of smart contracts. Where the smallest oversight can have huge consequences.

It is ironic, that you have a system where everything is opensource, where you are not forced to trust anyone, yet people still trust developers blindly. Nobody actually reviewed the contract before putting in millions worth of ETH/Tokens.

And to say that this is specifically a problem for Ethereum is just plain wrong.

So, you are being overly simplistic here.

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