Solidity developer here (that's the ethereum programming language),
There's like maybe 5-10 max actual solidity engineers in the ethereum token space. The rest are literally copy pasting and changing a couple variables. I shit you not its nearly 100% scams right now.
Don't believe me? Go to any of the solidity development channels and watch how many "developers" join in and go "HEY I JUST SOLD AN ICO TOKEN AND ITS NOW GOT A MARKETCAP OF A QUARTER BILLION HOW DO I MAKE THIS TOKEN DO WHAT I SAID IT WOULD DO"
Trust me, tokens might go up and down but so close to 100% of them are scams that you might as well never touch them. The worst part is the smart contracts can't be changed after they are deployed so the devs who launch these copy pastes can't ever fix them without launching a new token entirely.
Don't believe me? Link me any ETH token's etherscan page and i'll tell you right away if they just copy pasted the ERC20 beginners contract and it's never going to do anything.
>Is heavily modified ERC20 code, with an option to actually upgrade to a new contract with new code when the devs get shit together. Interesting, still copy pasted but they can actually fix it later.
Matthew Rogers
Ethereum is only good for ponzi dapps, you're right.
When VeChain mainnet launches. It's going to flip ETH.