Ethereum

0/ Everyone has to say what’s wrong with Ethereum these days. Here’s my go.

It’s not the protocol.
It’s not other chains.
It’s not the EF.

It’s something deeper. The problem is belief.

🧵

/ethereum foundation | opinions are my own but more than likely they come from Vitalik's blog paragraph.xyz/@chaskin

Well there are 3 things

1. As you have said, AI is top of mind at the moment and you can't do anything about that. Hype has to come and go.

2. Online visibility is a real challenge for builders: between shadow bans, platforms and AI fueled shitposters and copy cats... While you are busy creating the value, they are busy either stealing the value or doing s*** that negatively impact your market. When people make posts to tell XRP will replace ETH, that's obvious bulls*** but as these people are influencers, their opinion is more visible and trusted by those who do not know how both techs work and how their tokeneconomic work.

3. Every time there is a rug, every time a project raises X millions to do nothing and get away with the money, it is money that is taken out of the ecosystem, growth and builders that are negatively impacted.

Does that make sense or am I wrong? 🤔