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I’ve been sitting on this for a while, but something about @RaoulGMI bullishness just wasn’t congruent with the way I saw things that line up with how @joemccann describes these platforms.
Thread: Ethereum as Microsoft vs. Solana as Apple? Nah, it’s more like BlackBerry vs. Apple. Here’s why Ethereum is closer to BlackBerry than Microsoft. 🧵👇
1/ Raoul Pal says Ethereum is Microsoft—stable, dominant, enterprise-friendly. But that misses the mark. Ethereum’s more like BlackBerry: a pioneer that owned the early smartphone (smart contract) game but got clunky, slow, and stuck in its ways.
2/ BlackBerry had first-mover advantage, just like Ethereum with smart contracts. But high gas fees, sluggish transactions, and a rigid dev ecosystem scream BlackBerry’s outdated QWERTY keyboards, not Microsoft’s adaptable Windows empire.
3/ Microsoft scaled by embracing developers, open ecosystems, and constant reinvention (think Azure, Office 365). Ethereum’s upgrades (like EIP-1559 or the Merge) are slow and divisive, more like BlackBerry’s half-hearted OS updates that couldn’t keep up.
4/ Solana, on the other hand, is Apple. Sleek, user-focused, and built for speed. Sub-second transactions and low fees are like the iPhone’s intuitive UX—designed for mass adoption, not just tech nerds. Solana’s ecosystem feels like iOS: vibrant, dev-friendly, future-ready.
5/ BlackBerry clung to its niche (secure email, physical keyboards) while Apple redefined the game with touchscreens and ecosystems. Ethereum’s stuck on “decentralization purism” while Solana optimizes for scale and usability, capturing DeFi and NFT mindshare.
6/ Data backs this up. Solana’s TPS (transactions per second) can hit 65,000 vs. Ethereum’s ~15-30. Gas fees? Solana’s often < $0.01, while Ethereum’s can spike to $50+. BlackBerry’s clunky UX lost to Apple’s polish; Ethereum’s cost loses to Solana’s efficiency.
7/ Ethereum’s community points to L2s (like Arb or Base) as a fix, but that’s like BlackBerry slapping Android on its phones too late. Patching an outdated core doesn’t match Solana’s native speed and vision. L2 =two problems
8/ Microsoft dominates because it’s everywhere—cloud, gaming, enterprise. Ethereum’s influence wanes as Solana grabs DeFi TVL (e.g., $10B+ in Solana DeFi vs. Ethereum’s slipping share). BlackBerry faded as competitors innovated faster. History’s repeating.
9/ Don’t get me wrong—Ethereum’s a legend, like BlackBerry was. But legends can fall. Solana’s Apple-like focus on performance and adoption makes it the future, while Ethereum risks being a nostalgic relic. Who’s building the next iPhone moment? Not ETH. 🏁
One line Raoul says “you can’t get fired for using Eth” but I disagree, you can be left in the dust and obsolete just like you couldn’t be fired for investing into Sears vs AMZN
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