The CEO of Wintermute, one of the giant names in the cryptocurrency market, shared his views on the reasons if Ethereum fails.
Wintermute CEO Evgeny Gaevoy, in his post on Twitter, discussed the reasons why Ethereum will fail in the future. Gaevoy states that important names in the Ethereum community have a great conflict about the direction and future of blockchain technology. He thinks this will be the most important factor if Ethereum fails. The CEO expressed this situation as follows:
“If Ethereum fails in the future, it will not be because Solana is faster, but because the leading people in Ethereum are stuck in a major contradiction.”
Gaevoy argues that blockchain technology offers a suitable environment for creating purely capitalist incentive systems. However, he noted that Ethereum founder Vitalik Buterin and other prominent figures believe that the systems they build will only be respected when used for socially valuable purposes. He expressed this situation as follows:
"You're either building capitalism or planned socialism. I'm sorry, you can't really do both."
Stating that he chose capitalism, the CEO emphasized that capitalism really works, unlike socialism.
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