Paul Sztorc on Ethereum

Ethereum has been injected with a lot of money, talent, [and] good risk over the last 2 years, which has vastly improved its quality. But it is still a nonsense premise and, as an investment, no one has addressed [the] main problem of Bitcoin imitation, either through soft fork or sidechain.

Putting software “on a blockchain” is an inconvenience, justified only in cases involving a global public ledger. These ledger-cases are likely to be limited to Money, Reputation, and Names. This limitation suggests that other “[distributed autonomous communities]” are not economically viable, and Ethereum may be “a solution in search of a problem.”