I started stop believe in Ethereum long time ago since years, although i don't think it's a shitcoin. No it's not by all means. You can either compare Ethereum to other major cryptocurrencies to see that there is already real use cases for EVM to create and lunch smart contracts at top of the blockchain and Eth is the network token used to perform actions within. Or just see how well eth is doing in the trading market considering how big is its marketcap and how many holders and miners nodes.
It is a shitcoin built on fraudulent promises. It did not deliver anything that it was promised to be. Just because it is being used in some ways that does not make it any less of a shitcoin. The overall quality of the project is terrible, and that is the main metric for determining whether it is a shitcoin.
Do people not remember the promises where smart contracts will change the world and make everything into an utopia? So what happened? Most of the smart contract usage are for DeFi and other on-chain activities such as fundraising for scams. Very little of the usage has any world impact. By creating a blockchain with smart contracts, they created a problem that needed solving: DeFi. Most ETH fans were sold the solution to a problem that the founders of this chain created, and they bought it like gullible little children sipping their tasty kool aid.
Not even 1% of transactions are dealing with anything related to the real world.
