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Ethereum Maxis
25.9K posts

Ethereum Maxis
@Ethereum_Maxis
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Ethereum เข้าร่วม Ekim 2011
1.5K กำลังติดตาม16.3K ผู้ติดตาม

@EthereanVibin $100,000 ETH by 2027, fuck the haters, send this shit to trillions and start the internet economy.
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@0xNairolf To signal the rotation of BTC into ETH as you need 32 ETH for an Ethereum validator.
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@ec265 Trillions coming to Ethereum, send ETH to $100,000
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@AltcoinDaily He is scared this will drive trillions to Ethereum for the new internet economy and flip BTC
It's so obvious the fear is there.
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@grvcapital22 Yes correct, trillions coming to Ethereum and ETH will be worth double digit trillions in marketcap.
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@Ethereum_Maxis That's $10 Trillion+ mcap. Even Vitalik will be laughing at this.
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@Ethereum_Maxis Well written.
Facts will show themselves in due time.
It will be written forever in the Book of Eth 🙏📖
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@ProofOf_ion People really do miss the forest for the trees.
ETH will reach $100,000 and most will miss it.
The best entry is now.
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@materkel ETH will humble all of CT as it pumps to $100,000 by 2027
Trillions in RWAs and stablecoins coming to Ethereum.
Activity in the L1 will spike and the monetary policy of ETH will drive it to new highs like a rocket.
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@arturoboracay @ec265 The internet economy will be worth trillions, therefore ETH will be worth trillions to secure it.
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@barkmeta ETH will reach $100,000 by 2027 but most will buy in at $50,000 out of desperation
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@AdrianoFeria Trillions coming to Ethereum.
The Internet Economy will begin and send ETH to $100,000
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@CW8900 Trillions in stablecoins and RWAs are coming to Ethereum.
The great rotation from old rails into the new Internet Economy will begin.
Blockchain activity will skyrocket and ETH will mega ultra fuck you all pump to $100,000
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@TedPillows Next week he will buy ETH
The great rotation has started, the new multi trillion INTERNET ECONOMY is coming.
Trillions in RWAs and stablecoins are coming to Ethereum.
Blockchain demand will skyrocket and ETH will pump to $100,000 by 2027
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@Freedom_By_40 Trillions in stablecoins and RWAs coming to Ethereum.
ETH will rocket to $100,000
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@Justin_Bons nah fam, trillions coming to Ethereum. Send ETH to $100,000 and make all these gay bois cry.
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Ethereum has failed!
The cause is centralized control & dysfunction; a fatal combination
Vitalik is a dictator steering ETH into oblivion, losing its lead in usage & fees due to their "L2 scaling" roadmap
Refusing stakeholder voting means we must vote with our feet instead: 🧵
We can know this for certain, as the political analysis clearly exposes centralized control & dysfunction. The leadership, including Vitalik, has repeatedly spoken out against token voting, but what exactly is the alternative here?
Centralized Governance
You guessed it, the only alternative is centralized control & decision making
Without formal systems of on-chain governance, power instead concentrates informally within the pre-existing status quo, as the only way to solve this hard coordination problem off-chain is through extreme centralization
For those in the know, this is following exactly the same playbook as BTC, which went through a civil war that managed to squash all opposition to this status quo & entirely pivot BTC away from L1 scaling, contrary to its original design & vision
That also tells us that this problem is systemic to these blockchains' design & not purely contextual, as this pattern keeps repeating itself. Fortunately, that also means we can most likely fix it with more systemic changes
That is why token voting is so important to break out of that vicious cycle of failure. That is why it must be part of the next evolution of blockchain design
Ethereum Scaling
You might now protest & say that ETH is scaling, but that is unfortunately not exactly true, at least not in a competitive sense
There are now finally plans in place to increase capacity, but not speed...
This makes ETH utterly uncompetitive in the most lucrative use cases in crypto. Putting ETH on a losing path!
More specifically, the ZKEVM roadmap is the next blunder in ETH's roadmap history. Just like the "L2 scaling" roadmap, they will waste the next four years on it & they will have very little to show for it
The time it takes to compute a fraud proof requires slow block times. This slows the entire chain down, permanently, as this also only scales linearly...
Overly complex, slow & with additional centralization trade-offs (builder centralization). Another terrible decision in a long line of terrible decisions, with trade-offs that make no logical sense from an engineering perspective!
But Decentralization
The argument, then, is always "but decentralization". This also falls apart when you properly factor in the economic effects on blockchain design. As it is, fees that ultimately pay for decentralization, security & scarcity
Therefore, in the long run, whatever chain that wins the most fees will be the most decentralized, precisely because it is so useful. By making ETH useless, they are severely hurting its long-term decentralization!
We then end up in a situation where competitors are faster, cheaper & more decentralized, scarce & secure
What argument is then left for ETH? None!
At that point, it becomes a cult centered on a purely speculative meme token. That is exactly what happened to BTC, as ETH is more useful, scarce, more secure & decentralized than BTC today. The exact same thing will now happen to ETH as it continues to be overtaken & history repeats itself
Centralization Spiral
Paradoxically, the more ETH's leadership denies that they exist, the more they distance themselves from decision-making: The more centralized it gets!
That is because human beings need power structures/leadership/governance processes & in the absence of formal structures, human beings gravitate towards informal power structures, which always tend to be more dictatorial, corrupt, & dysfuctional
Explaining ETH's steady decline over several years now
The Alternatives
What is the alternative, you might ask?
Well, there are plenty. The leaders in terms of fees & usage are most certainly SOL & HYPE. If, like me, you wished ETH had implemented sharding as initially promised, NEAR is a great option. At scale, NEAR is also far more decentralized than ETH!
SOL's relative evaluation compared to ETH only needs to double to overtake ETH in the security budget, at only one-fifth of the market cap! This is due to a higher rate of staking participation
We can get even crazier: although I am still a critic of ADA's scalability, I would argue it is actually more decentralized than ETH TODAY. Due to its comparable validator count and robust on-chain governance!
ETH Maximalism
Maximalism is stupid, as it blinds us to the truth
That ETH is becoming more cult-like is par the course. As such, an ideology is necessary to cope with the massive cognitive dissonance required to continue believing in what ETH has become
That is why, over time, as things get more extreme, the reasonable people leave & the demographics shift to become more & more insane
It is all so fascinating from an anthropological perspective, but tragic from the perspective of anyone who cares about this movement
My History
I say this as a former die-hard Ethereum supporter, as I own & help manage the oldest multi-asset liquid token fund in the world (@cybercapital) & from 2016 till 2022, ETH was the largest asset in the fund
I even personally mined ETH in the first week after launch with my own 20 kW mining farm in 2015. I was seen wearing an Ethereum T-shirt at every conference I attended during that time, too!
By 2023, when I became a critic of ETH's "L2 scaling" roadmap, I was ostracised & attacked. Going from respected community member to pariah overnight. (This does a lot to explain some of the tribalistic pressure for groupthink within crypto communities!)
Yet now, four years later, my position is validated as even Vitalik acknowledges the "L2 scaling" roadmap as a failure & mistake: They are not the smartest people in the room when they keep messing it up!
Conclusion
We speak out because we care, we care about what Ethereum's leadership claims to care about
The difference is that we are able to build a viable & competitive path towards that future, through actually building useful products, we can change the world for the better by being competitive in the free market
Ethereum's centralized leadership is stuck in its own ivory tower, so out of touch that they have the audacity to release such an insane manifesto that every institution that would seriously look at it should run away
There is no hope for Ethereum because the mechanisms for change are captured, while political analysis shows a leadership more extreme than ever. The opposition has been pushed out; that is what the recent mandate & all of the people leaving ETH reveal to us
That is why Ethereum has failed; it has already lost, as there is no way to correct course anymore
Because they refuse to give us the vote: We have to vote with our feet instead! ✊
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@evan_van_ness @fundstrat Sell BTC, buy ETH
The rotation has started and trillions in stablecoins and RWAs are coming to Ethereum
ETH will reach $100,000 by 2027
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