Ethereum

“Ethereum has no PMF” is a wild thing to say about a network securing $460B.

The algo rewards outrage, say ETH bad, go viral.

But numbers don’t lie.

I don't think this is the rational critics take around PMF, I think the reasonable concern I see is that there hasn't been much support for builders or dapps built on ethereum:

7 steps ethereum needs to take asap:

1. Define the narrative. Ethereum has gotten much better at defining the *how* recently (scale the L1, single-slot finality, native-interop), but nobody can define the *why.* "Credible-neutrality" is not a "why"—it is a refusal to define a

unless ethereum puts in the work to bring in builders, we’ll look back on this period as the unbundling of ethereum

high-performance apps will move to megaeth and solana

defi will move to berachain

new rollups will move to celestia/initia

privacy to miden

data to irys

david phelps

me: hey i was wondering if you could market the apps built on ethereum

ethereum: sounds like a job for the silviculture circle!

me: no, you can just tweet—

ethereum: about cypherpunk values!

me: …

ethereum: these apps better not be fucking defi or public goods

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

I don't think this is the rational critics take around PMF, I think the reasonable concern I see is that there hasn't been much support for builders or dapps built on ethereum: 

https://x.com/divine_economy/status/1909608592879075536
https://x.com/divine_economy/status/1911290805047775602