Ethereum is not going to be the 'blockchain to rule them all'. Saying ETH will fail because there are other untested players in the game is shortsighted in my opinion. I see a polychain future, ruled by no single blockchain.
You are seemingly blinded by the hype around EOS. Competition is good but these projects are not necessarily direct competitors.
as new competing projects with more competent developers show up, these projects will put the nail in Ether's coffin. I will name two projects, Qtum and EOS.
Competent developers? Those aren't working on ETH? Nail in coffin? What coffin? - To be serious, there is a place in the market for EOS and Qtum just like there is a place for ETH. Each project is unique in its approach to applications and consensus; tradeoffs are made for each project. Each project will have users whom want the particular tradeoffs granted by the platform. EOS won't take everyone from ETH, nor will Qtum. Both will share part of the pie.
I am not saying Qtum and EOS will be the cause of ETH crash. What I am saying is, people will have a safer and better alternative.
Why do you use safer and better? Can you detail how either project improves on ETH security?
They don't improve on security but Tezos and Tauchain do improve on security. EOS improves on performance. Competence is hard to measure objectively.
Bingo. There is a place for many different types of blockchain with varying degrees of interoperability.
Not security, competence.
hei joseph - tell us why you think the ETH have - i quote you - "Not security, competence." ...so they have no competence in your opinion. OK - can you tell us on what and why you believe this
So your saying dan the man is more competent than the Ethereum Foundation, Parity Technologies and the other talented EEA (multi billion dollar companies) developers? I don't want to discount EOS by any means, interesting project, but can you detail further how both projects have better competence?
Dan Larimer (EOS) and Neil Mahi (Qtum) are a lot more competent than ETH devs yes. I am not saying they will not run into problems with their projects, but when they do they will know how to deal with it without creating a mess.
Can you explain a bit how you came to that assessment? I don't want to put any shame to Dan's intellect but just due to sheer scale of development - ETH is very clearly the leader. Projects like Hyperledger have some big league programmers. Really not entirely sure why you hold Dan to such high regard without addressing the other talent in the space. Expecially institutional talent.
I will not discuss DAN, but I will give you a scenario:
You are the developer of a platform X:
1- You involve yourself with a Token on your own platform that's nothing more than a money Grab
2- You are told by countless respected names, your code is Garbage, not reviewed, and has holes. Your answer: I Fixed it.
3- You release the fixed code which is still Garbage, and when the victims are robbed due to your incompetence, you compensate them at the expense of your own platform X. And now we have a split community on Platform Y as well who did not want to be taxed due to your arrogance.
4- Now imagine this same scenario happening when there is an alternative to platform X
Do not take me wrong, I was one of the people who agreed with the DAO recovery fork, but even that was done with complete incompetence, Two forks and Replay attacks ring a bell?
I repeat again I am not anti ETH, but I am against greed and stupidity. Now all this and I did not even start to explain anything about all these tokens and what's wrong with most of them. That's another story by itself.
I invest in a lot of these tokens as well, and know when to get out, because there is money to be made, but does that mean I am a believer? absolutely not, I am a cautious trader who investigates things, and wanted to point out something to the believers. There is no room for faith in trading and investing.
This is true but it will take years to develop and then years for people to switch. It took Ethereum how many years? It took Bitcoin how many? It will take at least 2-3 years under the best of circumstances.