Smart contract platforms (out right now) besides Ethereum are snake oil

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Smart contract platforms (out right now) besides Ethereum are snake oil

There has been a lot of talk about these smart contract platforms like Cardano, Algo, etc. catching up and equaling Ethereum. This will not happen. If any smart contract platform does so in the future it sure as hell won't be Cardano, Algorand, or any of the ones out right now.

I firmly believe all these other smart contract platforms are snake oil trying to make the devs and VCs rich and that's it. Hell, Charles Hoskinson literally left the non-profit Ethereum to sell out to VCs with Cardano. Algorand is centralized.

None of these platforms or any others out right now will match the battle-hardened, and massive network effect Ethereum has right now. Cardano doesn't even have smart contracts and all of them will have their own new growing pains which ETH has already dealt with. Hell, none of these platforms basically do anything different than L2 ETH or ETH 2.0.

Same thing that is being said right now about ADA, ALGO, TEZOS, ETC. was being said about EOS, NEO back in 2018. They too were supposed to be "Ethereum killers" and are now ghost chains. Give it 5 years and smart contract platforms like Cardano or Algorand will be the same category. These are snake oil designed to take noobs money's thinking they found the "next Ethereum." Be smart and buy Ethereum. The world is just waking up to smart contracts, it's not too late.

submitted by /u/mybed54
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