ETH is scam and a marketing program. It's interesting that even the educated developer community of HN cannot see this and how effective flash marketing can be
It can be a little difficult to pin them down. As everything is surrounded in more flash sounded tech that doesn't deliver. It's like trying to say if Amway, the multi level marketing company is a scam or not.
First it's the pre sale of tokens. Very problematic way of raising money. Nearly all pre sales token campaigns follow the same story. Build flashy website and run a slick marketing campaign. Make grand world saving claims for this software you are going to build by really you aren't. Raise a lot of money (10M USD or more). Then after the sale fail to deliver of the claims and shameless move onto the next crowd sale.
There is also the past of etherium founder. VB tried to do another crowd funded scam before etherium that was a lot more blatant. VB also puts his name on many ICOs (initial coin offering) which all end in scams. The founders take the large amount money and then the product in vaporware.
Religions are scams and marketing programs, all be it with a bunch of other stuff slapped on to it. But it's all the same jingle, give us everything now and you'll get yours later.
