Is Ethereum still alive?
This is a question some of you might be asking after the hard fork, and the recent success of Ethereum Classic.
The answer is absolutely! Ethereum was created to be the next level of the internet and the future platform for all decentralized apps, but then the DAO hack happend.. Which led to a lot of debate, and finally was decided to hard fork and change the code.
However this was necessary in the current competitive altcoin market, because people need to feel like their investment is secure, and with Ethereum deciding to take action on someone who clearly took advantage of a loophole.. I think it was necessary to prevent an immediate lack of faith in the security of the code, and also was needed to prevent others from thinking it was okay to take advantage of Ethereum and ETH investors again!
Did the hard fork hurt Ethereum..
As mentioned above due to the entirely new market we are in.. It was pretty much necessary for Ethereum to change the code to prevent anymore damage, but in the future when the Ethereum platform is used by a huge part of the global community I would not feel the same about a hard fork. Regardless the issue!
Let me elaborate on that..
If Ethereum was designed to be the "next level" internet then we should think about it that way. If someone created a website like Kickstarter back when the internet first came out and ended up taking people's money.. Would it have made sense for everyone to stop using the internet..?
Obviously not. So for now all cryptocurrencies are at a very early stage.
The future of the crypto world.
In my opinion even Bitcoin is not even close the global level that is possible.
And I think this goes for all cryptocurrencies even STEEM, because if Steemit is at 70k users, and Reddit is at 4 million then that is still 3,930,000 people who aren't getting paid for blogging..
Not to mention the 1.7 BILLION people on Facebook not earning anything, but yet spending all of their time on there, and NOT earning anything for posting their content!
So obviously we are still at a very early stage in the crypto world, and once people start pouring into cryptocurrencies and blockchain social networks I think we will see a completely different world entirely.
A world in which ALL OF US are pioneers :D