Community Trust ScoreVerified
Community Perception about Ethereum: The Ethereum architecture is still not simple. sharing, sampling, Zk, fault proofs, optimistic roll ups, dPOS, bPOS, and whatever l2 takes the day. That’s complicated not simple, it’s like you just throwing darts blindfolded.
Eth is broken and I don’t understand why anyone would actually invest in it anymore.
ETH is DEAD. You made a Frankenstein project. Bitcoin sticked with its ethos and you created confusion in the space making base protocols so complicated than what it needs to be. So, when POS then? You probably would have propelled bitcoin a lot further.
There are 10000x more ETH developers and projects than Bitcoin. Every student I met is learning Solidity. But yeah, ETH is dead.
ETH isn’t dead, but growth those last year was worst in ETH history for a bull year. That’s a big indicator that money isn’t entering ETH like before. No ‘future for ETH unless gas fees reduced.
The only reason why it keeps pumping is because they “started burning” tokens. Its a big red flag that they can change the underlying protocol at will.
But will burning ETH actually help with gas fees? Or just help create more value for holders?
Whales are incentivized to hold their ETH and make MORE just with staking. It’s a classic rich people getting more richer narrative. In BTC you have to use “hardware resources, energy, and work to acquire more.
Who has easier access to a lot of hardware currently? The rich or the poor? We could continue to use carriages to get around.
There is cheaper hardware out there. People want the fastest so you do pay a premium. It’s like saying you want a Ferrari, but only have money to pay for a beater. You need to work for it.
That is the basics of capitalism. You work, produce, and earn. For your beloved ETH you don’t have to work or do anything but dump a load of paper currency on it. Any engineer with basic common sense knows perpetual machines do not exist.
Do you think forks can help alleviate high transaction fees? Will copying state really bring use case to projects with high transaction throughput or high computational state requirements? Does speed matter?
When will transaction fees be affordable on ETH Blockchain for the bottom 90% of investors/traders? So many free and very low-cost options took all your growth away. Can you survive on this market without lowering those fees?
And in the end. We’re all human and learn from the past to move forward.
