ETH maxis do not like facts dude. They like selling hopium for the future: “Someday ETH will scale bro”

Many investors opine, ETH is fundamentally broken though and some wonder if it is the chain for defi in the long term. if Vitalik could start over now, it would be completely different but now it’s too big. The door is open for other chains and there are many competitors and there will be a new one who solves the Trilema better than 2.0.

For all practical reasons centralization is not the answer and all community members are very clear about it.  We are looking at a multi chain future. Many investors who have invested in ETH and in several other tokens are feeling it is an issue when a person in a position of influence is pumping his own bags in a disingenuous manner.

The point is ETH is unusable for a large demographic. They used to be a time when ETH broke new grounds inspired everyone and now, they just turn users away with huge fees and for what? Same thing that others do it in less than a dollar?

Retail investors always gets the short end of the stick. On the practical side, a self-sustaining platform could not quickly scale up to demand without increases in costs for the users. For those community members who are too wealthy to appreciate the burden of high fees for other users who are not rich, this might not be a big deal.

Many Etherians would point to the L2s and require them to “go there if you want low fees” except that there is no clear path to L2 for novice users. They were on-boarded to Ethereum mainnet, and the L2s are serious additional work (and risk) for a newcomer. Users are failed on this front.

Though they are failing now, there is recognition of the issue and ongoing efforts are being made to improve it.  There are obvious clear paths forward.  There are grants. Defi wallets and the NFT platforms are working it. However, the major centers of Rand D have largely bypassed usability research and new user on-boarding. Being smart often means you don’t understand the POV of the novice.

Price is a big barrier to entry.  While it can sound like “waiting for ever,” it becomes important to trust the developers and those most heavily invested in the long term.

Community Reaction:  While this statement is embarrassing, it is real though. There is a reason to hate gas fee, but that isn’t the point, we need to think beyond for good.

For many, especially those outside the US/EU, the opportunity cost is onerous. Minimal or even negative yield. Aren’t these the very folks for whom the promise of decentralization/crypto is designed? Who ultimately benefits? The answer is not palatable, if we are honest.