It is silly to me that we have conversations like this about bilshares...
Yet it is unpopular to direct similar critiques toward ethereum. Only difference? Ethereum is worse imho...Is it divisive to call something that looks from the outside to be a scam--a scam?
Why is it ok if the scam is elaborate and draws in large crowds of unknowing people with only a "promise" of what is to come? These are things worth considering in my opinion.
I think anytime we call something a scam/ponzi etc we have to justify that accusation and spell out exactly why we think that is the case. If you only say: "Ethereum is a scam" there will probably be lots of people who will disagree with you. But, if you say "I think Ethereum could be a scam because they have made lots of promises but have so far failed to deliver on them. If and when they deliver on these promises then I will no longer consider it a scam." then there will be far fewer people that might have a problem with that.
I actually do not believe it is a scam. It has too much hype to fail now imo...its following is going to make SOMETHING come from it...and this is open source so they can essentially STEAL every "2.0" crypto's tech by simply hiring all star programmers capable of analyzing and utilizing the systems developed. Then they can just say "we are unifying crypto".
Ethereum...in my opinion...is sitting back and taking their time. They are letting others spend large sums on R&D and they will sweep in and grab up the tech that works and is proven...and will have a bigger network effect than any single one.
Brilliant, honestly. But it is not exactly "legit".
As far as Bilshares goes, or Banx...well I guess if they are developing it on their own, a little brand-piggy-backing is to be expected