Tuur Demeester predicts the demise of Ethereum and compares it to Theranos

Longtime Bitcoin investor Tuur Demeester recently took another blow against Ethereum in its tweet, drawing parallels between the second largest blockchain and the Theranos disaster.

https://twitter.com/TuurDemeester/status/1468323699040432130?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
The settlement comes during the trial of Elizabeth Holmes, the disgraced founder of the failed biotech startup, after its blood testing technology was exposed as a hoax. The 37-year-old businessman, who was once referred to as Steve Jobs in the press, is now facing up to 20 years in prison.

Demeester is one of the Bitcoin maximalists who accuse Ethereum of running a Theranos-style fraud. Critics claim that it is not decentralized and not scalable except that it is filled with security flaws (much like the way Theranos’ blood testing machine, Edison, could never run the tests it was designed to do).

Although Ethereum has grown to $ 500 billion, that hasn’t stopped Demeester from predicting its impending demise. After all, it was
Theranos
14 years to get caught. Ethereum, on the other hand, has only been around for six years.

Demeester believes that “fallacies” and “marketing hype” are the only reasons Ethereum is successful.

Ethereum is gaining in adaptability thanks to institutionally validated hard forks, which, according to critics, create an unstable and unfair system.

Bitcoin researcher says Ethereum is “the death of a thousand hard forks”.

However, despite many critics, Ether tried
clearly superior
Bitcoin in 2021, which spearheaded the irrefutable token craze earlier this year.