https://www.newsbtc.com/2016/03/28/counterparty-founder-ethereum-cant-work-100-hype/wake up , tho i was telling people this months ago....
"However, smart contracts, which in theory refers to data stored in transaction data on the blockchain are more expensive than conventional data storing methods. More importantly, banks model of a permission blockchain-based smart contract enabled application is very similar to a centralized server of data."
"Ethereum cant work, explains DeRose. Be wary about endorsing this project, its 100% hype, with no substance. No one needs smart contracts. And the overhead needed to support this chain will require a *lot* of need. Ive spent a lot of time studying them. Do you want to give me a case when people need smart contracts? They are not cheap. They are enormously expensive. And theres no counterparty risk in these applications thus far."