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Why The Ethereum Haters Are Stupid and Wrong
Lately, everyone loves to hate Ethereum. It’s slow, expensive, inflationary, and losing market share. It requires patches and band-aids to work. It’s underperforming Solana and Bitcoin. Here’s why the haters are probably wrong.
Many (stupid) people talked about Ethereum flipping Bitcoin’s market cap a few years ago. Today, I hear similar (stupid) murmurings about Solana flipping Ethereum’s market cap. Both groups (or maybe the same group?) are wrong. Solana isn’t going to flip Ethereum, just as Ethereum didn’t flip Bitcoin in the last bull cycle.
I’d argue that Ethereum is highly likely to outperform Solana for the remainder of this bull run. Writing these words feels heretical. Afterall, it tastes like Solana is getting shoved down my throat like a drink on a date with Bill Cosby. But I don’t like Solana. It’s getting attention and adoption as the shitcoin casino. Transactions fail and it’s constructed on a VC pyramid that has repeatedly punished ordinary crypto investors.
This article isn’t here just to shit on Solana (although I will keep doing this). Other L1s that were popular during the last cycle are even more embarrassing. Cardano is now officially vaporware…
