Exchanges suspend Ethereum withdrawals

in #cryptocurrency7 years ago (edited)

I wanted to use Ether as an option to participate in Civic's ICO, but I see this from Bitfinex:

Screen Shot 2017-06-21 at 11.01.12 PM.png

It seems BTC-e also has suspended withdrawals:

Screen Shot 2017-06-21 at 11.34.26 PM.png

And GDAX is having Ethereum-related problems too.

So much for Ethereum being the next Bitcoin.

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I think Ethereum's misguided attempt at making sure it was accessible to the everyday user by creating a large table on the GPU memory (thereby pushing out all miners with less than 4GB GPUs) has been a "shot in the foot" for them.

While there are large miners, they can't possibly keep up with what millions of smaller units could. (un)distributed computing at its finest!