I'm so tired of these attacks on Ethereum. Here are 4 reasons why Kyle is completely wrong. 1. Firstly, Ethereum invented turing complete smart contracts which is the basis for every other L1 that has come after it...Solana would never exist without Ethereum 2. 100% uptime with hundreds of billions of dollars in value secured, Solana has gone down multiple times since inception 3. Blackrock, Goldman, BNY Mellon, Deutsche Bank and many leading TradFi institutions are building on Ethereum bc they see it as the only truly decentralized L1. This required a strong BD motion from Ethereum related organizations to build trust and explain the value of blockchain technology. 4. During the merge, Ethereum successfully migrated from proof of work to proof of stake without stopping the chain or rolling back. It took 7 years to prepare and was executed smoothly with ~200B in market cap at risk + ~100B in TVL. The merge was unprecedented not only in its significance but difficulty, which makes the flawless execution even more impressive.

DEGEN NEWS
@DegenerateNews
12-17
NEW: @multicoin MANAGING DIRECTOR @KyleSamani SAYS ETHEREUM HAS ACCOMPLISHED ALMOST NOTHING IN EIGHT YEARS
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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