The CEO of ether.fi believes that neither Bitcoin nor Ethereum are currently truly high-quality cryptocurrencies, but he is confident that the ultimate form of a superior currency in the future will likely be built on the Ethereum platform.
In a recent interview on December 24th, Mike Silagadze, CEO of ether.fi – a prominent Staking and reStaking protocol in the Ethereum ecosystem – Chia his candid views on the Vai of leading cryptocurrencies today. According to him, Bitcoin, while XEM the largest store of value in the crypto market, doesn't meet the criteria of a currency used for everyday payments due to slow transaction speeds, high costs during periods of network congestion, and limited scalability. Regarding Ethereum, Silagadze also argued that ETH isn't truly "good money" in the traditional sense, as the network is still under development, undergoing numerous upgrades in terms of Gas Price, scalability, and user experience.
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However, it's noteworthy that he isn't pessimistic about the future of cryptocurrency. On the contrary, the CEO of ether.fi emphasized that the "ultimate form" of a high-quality currency hasn't yet emerged, but the foundation for building it will almost certainly be Ethereum. According to Silagadze, Ethereum possesses advantages that Bitcoin lacks, including a rich smart contract ecosystem, a large developer community, high customizability, and the strong development of Second-Layer Solutions that reduce costs and increase transaction processing speed. He admitted that he doesn't yet have a complete concept of what the ideal currency would look like, but his belief that it will be built on Ethereum is "almost certain."
