After Ethereum OG Ryan Berckmans published a commentary on Solana, Helius CEO Mert Mumtaz, a Solana ecosystem RPC and API service provider, immediately left a comment to counterattack, criticizing Ryan Berckmans for talking nonsense and calling him an "anxious fanatic".
- Author: Helius CEO Mert Mumtaz
- Compiled by: Zombit
You wrote a 657-page nonsense just because you don't understand? You have completely become Cardano, I hope you can self-improve, because this is really embarrassing.
The reason why Ethereum (ETH) is currently underperforming is that its main supporters need to belittle other chains to feel good (not only Solana, but also arbitrary attacks on Bitcoin and Cosmos).
Table of Contents
Toggle1. Is your reason for being bullish on Ethereum just that Solana is bad?
This is like saying "my girlfriend is super hot because all other girls in the world are ugly", but you haven't actually said why your girlfriend is good, you've just written a bunch of illogical things and vented your "mediocre curve" emotions.
If ETH is so good, why is the entire article discussing SOL? Is it because you haven't gotten over your "ex-girlfriend" or are you worried about something?
2. Solana seems to be able to transform into a backbone like Ethereum
What do you mean by "transform"? This is completely made up by you. Backbone does not mean "L2 settlement layer", it means "backbone". Do you think you own the copyright to the English dictionary?
It's like me saying "that's why ETH won't call its holders 'manlets', and that's also why it's terrible".
No one cares if it can become an L2 settlement layer. What we care about is increasing bandwidth and reducing latency, and if done well, most financial transactions will be executed on-chain in the future.
If anything is changing, it's that ETH is now trying to become more like Solana, because everyone who is serious recognizes that you can't break physical limits and need to scale on L1.
3. In the middle of this year, Solana acknowledged that L2 is the right approach
Nonsense. Solana is focused on increasing bandwidth and reducing latency, scaling L1. We don't care about other things. If L2 wants to build on top of Solana, of course they can, because it's permissionless, but the Solana core people don't care.
Unlike Ethereum, Solana is actually scaling on L1 and won't lose all its value.
4. Solana lacks client diversity and will not have significant progress in the short term
Again, made up. Solana currently has Agave, Jito (Agave's MEV branch) and Frankendancer. In addition, Firedancer is running in non-voting mode, and Mythril and Sig are expected to launch next year.
5. Solana cannot become a global backbone chain due to its high bandwidth demand
So the reason Solana can't become a backbone chain is that Solana has the strongest scalability? Interestingly, Vitalik himself said in the "Endgame" article that you are wrong, and he believes block production should be done by experts, while verification can be done by everyone.
6. Solana will have a higher risk of interruption in the future
This point is correct, you finally said a fact!
7. Solana lacks economic decentralization
This is also fabricated, you are using the initial distribution data from 2020, not the real data. Currently, no single validator on Solana holds more than 4%. In contrast, Coinbase and centralized exchanges alone hold over 26% of Ethereum.
8. Solana is not decentralized enough to attract large capital
If it cannot attract capital, why is the SOL/ETH ratio at an all-time high?
Solana is far more decentralized than all L2s, and has surpassed Ethereum in revenue and value multiple times. Instead of fabricating rumors, why not focus on improvements? I do not doubt Ethereum's important role in the future financial system, nor do I doubt that Solana will play a significant role in it.
Your mindset is that of an anxious zealot, not a true builder concerned with the crypto mission. Different systems have different trade-offs, and they will all exist in the long run.
