Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: rdluffy on January 23, 2025, 03:41:54 PM
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There are some things happening in Ethereum that we could even consider a crisis, and I'm not just talking about the price
It is noticeable that the entire ETH community is unhappy with the value of ETH and the lack of news/updates on the network
There are a lot of complaints about Aya Miyaguchi, who is the CEO, and many people are already calling for her departure
On the 21st, Vitalik himself had to state that he is the one who decides on the leadership of the Ethereum Foundation, and that so much pressure in this way can create a highly toxic environment
(https://i.ibb.co/Lr1hQvF/eth.png) (https://imgbb.com/)
Source (https://x.com/VitalikButerin/status/1881680518934384676)
What do you think?
What could be the reason for the community's discontent with ETH?
Just the value?
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I believe there are more things if we look under the microscope, but this started, in my opinion, because of the price. No one wants to hold Ethereum now just because there’s not much movement with its price. Many people are seeing the trend now where Solana is even really being taken off with all the news, and I think that’s just where it started.
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I believe there are more things if we look under the microscope, but this started, in my opinion, because of the price. No one wants to hold Ethereum now just because there’s not much movement with its price. Many people are seeing the trend now where Solana is even really being taken off with all the news, and I think that’s just where it started.
In my opinion Ethereum is a struggling coin if you ask me. The fact is the network is basically struggling to hold up a good price let alone progress in price. The problem of Ethereum is more of a protocol issue since most of its properties like unlimited supply and it's proof of stake consensus mechanisms have a couple of flaws that actually contribute to its draw back in price.
If Ethereum had it's trend continuously like when it was recently launched till now it's price should have been way over 8k currently but that doesn't seem to be the case. Even most altcoiners these days seem to be shifting their attention from Ethereum to other altcoins.
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The ETH price has been stagnant for too long, there has been no change at all, even as an Ethereum HOLD it is still quite upset why the price has not risen sharply in contrast to other altcoins, it looks like there is an internal problem where the community is not with the CEO so it calls for resignation, actually not really reading news like this, it's just always thinking how long the price will continue like this.
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I believe there are more things if we look under the microscope, but this started, in my opinion, because of the price. No one wants to hold Ethereum now just because there’s not much movement with its price. Many people are seeing the trend now where Solana is even really being taken off with all the news, and I think that’s just where it started.
I'm sure a lot of the pressure everyone is putting on the ETH is inspired by SOL
SOL beat ATH, the network is being used by many new users, there is a huge volume of trading, many protocols using the network...
And it's working relatively well
Not to mention the tokens they release on SOL, which are doing very well, such as JUP, Kamino, Drift, etc...
When an ETH holder sees all this happening, it's hard not to be dissatisfied hehehe
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I'm sure a lot of the pressure everyone is putting on the ETH is inspired by SOL
SOL beat ATH, the network is being used by many new users, there is a huge volume of trading, many protocols using the network...
And it's working relatively well
Not to mention the tokens they release on SOL, which are doing very well, such as JUP, Kamino, Drift, etc...
When an ETH holder sees all this happening, it's hard not to be dissatisfied hehehe
This could be part of the reason why the need for reform has become more urgent for Ethereum. However, this change has been predicted before when Layer-2 operated very effectively but did not bring too many benefits to Layer-1, they were even considered one of the reasons why the number of transactions and fees decreased on Ethereum, ETH was inflated and ETH price could not increase as expected.
Ethereum has developed very quickly and at the present stage it needs a more effective governance mechanism. I have faith in the ability and vision of Vitalik Buterin because he is committed to Ethereum. I am holding ETH and waiting for a more sensible and responsive Ethereum Foundation to the market fluctuations in this bullrun.
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The ETH price has been stagnant for too long, there has been no change at all, even as an Ethereum HOLD it is still quite upset why the price has not risen sharply in contrast to other altcoins, it looks like there is an internal problem where the community is not with the CEO so it calls for resignation, actually not really reading news like this, it's just always thinking how long the price will continue like this.
Its too long for Ethereum price stagnant and have many bad opinion from public, I don't think its over for Ethereum although have longer time get stagnant price or difficult reach to higher price but looking for bitcoin price always have opportunity for ethereum break out although few percent only.
Not any internal problem with Ethereum because have downtrend moment previously when Ethreum drop drastically under $2k but success hit back to higher price reach above $4k, just taking time only seeing ethereum will raise up again to higher price and following with bitcoin way.
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What do you think?
What could be the reason for the community's discontent with ETH?
Just the value?
Rhetorical question much?
Of course, that's the only thing, Buttercup could tomorrow decide to bring bask PoW, change smart contracts, change time, blocks size, and even layers, if ETH jumps to 6000 they will praise him like Messiah.
Nobody cares about details anymore, they could name Trump or Merkel or Ghaddafi on that board, what matters is the returns, can't stop laughing when people say that capitalism is dead...lol.
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When we are talking about the holders or the community, everything will be related to the price. I'm sure there is nothing bad happening on Ethereum, it is just a sideway phase for Ethereum. I guess Ethereum will increase significantly again in the near future. We only need to be more patient to wait for the time. Vitalik has said that we don't bother them with FUDs. It only can lead to a harder development on Ethereum value.
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Some of the discontent I see from the community isn't just about the price of ETH, although that's obviously everyone's biggest complaint
What I see most are the sales of ETH by EF, which instead of dumping on the market, they could stake, strengthen the network and receive the income from this stake, without having to sell the ETH
Updates are also a cause for complaint, as they are taking too long
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Some of the discontent I see from the community isn't just about the price of ETH, although that's obviously everyone's biggest complaint
What I see most are the sales of ETH by EF, which instead of dumping on the market, they could stake, strengthen the network and receive the income from this stake, without having to sell the ETH
Updates are also a cause for complaint, as they are taking too long
I think the fee problems made some devs and the memecoin mania to move from eth to solana.
I think ethereum foundation could try to address that problem, focusing in scalability, this could lead to higher prices (which looks to be the goal , as many people said)
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Some of the discontent I see from the community isn't just about the price of ETH, although that's obviously everyone's biggest complaint
What I see most are the sales of ETH by EF, which instead of dumping on the market, they could stake, strengthen the network and receive the income from this stake, without having to sell the ETH
Updates are also a cause for complaint, as they are taking too long
I think the fee problems made some devs and the memecoin mania to move from eth to solana.
I think ethereum foundation could try to address that problem, focusing in scalability, this could lead to higher prices (which looks to be the goal , as many people said)
ETH fees are so expensive when compared to other networks that I don't even know what to say anymore hehehe ;D
For the average user, it makes no sense to pay 10 dollars to do an approval-swap-contract, which is a normal way for someone who is going to use DeFi, instead of paying a few cents on other networks
I think the scalability will come with the Sharding right?
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ETH fees are so expensive when compared to other networks that I don't even know what to say anymore hehehe ;D
For the average user, it makes no sense to pay 10 dollars to do an approval-swap-contract, which is a normal way for someone who is going to use DeFi, instead of paying a few cents on other networks
Not easy... but I paid some high fees in the past to use UniSwap, which I needed to convert some tokens and ETH to USDT.
ANd many people do pay those fees, this is why they are so high. People a lot of people do use that network.
I think the scalability will come with the Sharding right?
It came with POS as far as I know ! lol it was even worse before...
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I think the fee problems made some devs and the memecoin mania to move from eth to solana.
I think ethereum foundation could try to address that problem, focusing in scalability, this could lead to higher prices (which looks to be the goal , as many people said)
They suffer from the same problem as BTC, the scalability they focus is on L2, Solana gained momentum because what they do is on their main chain, cheap and fast, unless ETH comes with a solution that is cheap, fast, decentralized, manages to make cross-chain exchanges on their L2 a piece of cake they will have no answer for it, and I don't see it happening.
Look how easy it is to deploy a meme coin on pump.fun on solana, two clicks, $40 or something and with another $20 in fees you can spam all the entire network with your coins, no way ETH will be even close to this unless some magical breakthrough happens.
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;D I don't often read his tweets or listen to him talk but this is probably the realest Vitalik has been. The tone of the message is like he's ready to pounce on the Ethereum investors and supporters. Telling the whole world about the devs' dissatisfaction on social media pressure might also end up bad for the network.
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;D I don't often read his tweets or listen to him talk but this is probably the realest Vitalik has been. The tone of the message is like he's ready to pounce on the Ethereum investors and supporters. Telling the whole world about the devs' dissatisfaction on social media pressure might also end up bad for the network.
it sounded like he is the one deciding for all in he foundation which is that CO was removed which she was, then its Vitalik who kicked her.
Vitalik himself is a fud. no one says something like this in public when yo are a respected leader. but then what do i know. Most crypto dev leader are crazier than what we know. just look at Justin Sun. but its his fault from the start that he allowed the ETH to be compromised where he turned it into POS.
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I think the fee problems made some devs and the memecoin mania to move from eth to solana.
I think ethereum foundation could try to address that problem, focusing in scalability, this could lead to higher prices (which looks to be the goal , as many people said)
They suffer from the same problem as BTC, the scalability they focus is on L2
I agree that they both focus on L2 solutions, but ethereum solutions aren't working right now.
bitcoin is now in the all time low fees, you can make transactions with just 1 sat/vB.
Bitcoin L1 doesnt have a fee problem as big as ethereum.
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It came with POS as far as I know ! lol it was even worse before...
Then take a look at this possible update of Sharding, which is quite interesting
Basically, they can divide the network into small chains and thus increase the number of transactions. This could make them faster and therefore cheaper transactions
There's a good explanation here: https://www.kucoin.com/learn/crypto/danksharding-explained-ethereum-2-sharding
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It came with POS as far as I know ! lol it was even worse before...
Then take a look at this possible update of Sharding, which is quite interesting
Basically, they can divide the network into small chains and thus increase the number of transactions. This could make them faster and therefore cheaper transactions
There's a good explanation here: https://www.kucoin.com/learn/crypto/danksharding-explained-ethereum-2-sharding
If they are fast enough, at least creating a feasible roadmap showing how long it will take for us to see cheaper fees again, the price might react.
I believe fees are the main problem in ethereum....
Vitalik always controlled ethereum, that was clear when they forked the Ethereum classic chain.
however, I still see a future in Vitalik's blockchain
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I think the fee problems made some devs and the memecoin mania to move from eth to solana.
I think ethereum foundation could try to address that problem, focusing in scalability, this could lead to higher prices (which looks to be the goal , as many people said)
They suffer from the same problem as BTC, the scalability they focus is on L2, Solana gained momentum because what they do is on their main chain, cheap and fast, unless ETH comes with a solution that is cheap, fast, decentralized, manages to make cross-chain exchanges on their L2 a piece of cake they will have no answer for it, and I don't see it happening.
Look how easy it is to deploy a meme coin on pump.fun on solana, two clicks, $40 or something and with another $20 in fees you can spam all the entire network with your coins, no way ETH will be even close to this unless some magical breakthrough happens.
Eth made lots of enemies moving to POS I have to think Nvidia is plotting how to hurt them all the time.
Eth is in danger of sliding under 3k by the end of the week.
It has no fundamentals to support it other than people hodling in fear of it dropping to under 3k or worse 2k .
Eth used to have the support of 1 million or more gpus and asics all gone now.
Plas Mr V still does owe me 2 Eth coins which I expect to see when eth goes back to POW (ie never)
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I think the fee problems made some devs and the memecoin mania to move from eth to solana.
I think ethereum foundation could try to address that problem, focusing in scalability, this could lead to higher prices (which looks to be the goal , as many people said)
They suffer from the same problem as BTC, the scalability they focus is on L2, Solana gained momentum because what they do is on their main chain, cheap and fast, unless ETH comes with a solution that is cheap, fast, decentralized, manages to make cross-chain exchanges on their L2 a piece of cake they will have no answer for it, and I don't see it happening.
Look how easy it is to deploy a meme coin on pump.fun on solana, two clicks, $40 or something and with another $20 in fees you can spam all the entire network with your coins, no way ETH will be even close to this unless some magical breakthrough happens.
Eth made lots of enemies moving to POS I have to think Nvidia is plotting how to hurt them all the time.
This makes no sense. NVIDIA never wanted people to mine in their cards.
NVDIA added hashrate limitations to their video cards , called LHR .
Eth is in danger of sliding under 3k by the end of the week.
It has no fundamentals to support it other than people hodling in fear of it dropping to under 3k or worse 2k .
I really doubt it. ETH still has a strong ecosystem, most of blockchain developers, basically all AI projects.
Solana is just a memecoin hub... this is what has no fundamentals imo
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Here we go again: EF sells another 100 eth
https://www.newsbtc.com/ethereum-news/ethereum-foundation-sells-another-100-eth-but-theres-still-hopium-for-holders/
Total of 300 eth sold by Ethereum Foundation in 2025 :P :P :P
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I believe there are more things if we look under the microscope, but this started, in my opinion, because of the price. No one wants to hold Ethereum now just because there’s not much movement with its price. Many people are seeing the trend now where Solana is even really being taken off with all the news, and I think that’s just where it started.
I think at certain times, many investors will see reasons to diversify their investments portfolio into other coin/tokens. Investors may have interest on others projects irrespective of any internal issues with the etheruem team.
Currently, many investors are moving with the coins/tokens trends and the news of better investments opportunities on the crypto economy.
However, i think that the demands of Etheruem is diminishing which is also affecting the price, but a more marketing/promotional approach can bring in more investors in near future.
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I agree that they both focus on L2 solutions, but ethereum solutions aren't working right now.
bitcoin is now in the all time low fees, you can make transactions with just 1 sat/vB.
Bitcoin L1 doesnt have a fee problem as big as ethereum.
Bitcoin L1 has no problem because there is no usage at all, not because LN has taken that much traffic out of it.
Half of the traffic is consolidations and a bit under a quarter these stupid runes, it's just insane to think close to 75% has moved to LN, that was simply not possible, Bitcoin solved the problem by stopping being a currency and an investment.
This makes no sense. NVIDIA never wanted people to mine in their cards.
NVDIA added hashrate limitations to their video cards , called LHR .
NVIDIA and retailers used miners as a scapegoat to jack up prices, they could at any time just rise production and sell more cards as mining would only offer a limited income so not everyone buying a card would be able to mine, but they just kept on selling to both miners and gamers at inflated prices.
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I agree that they both focus on L2 solutions, but ethereum solutions aren't working right now.
bitcoin is now in the all time low fees, you can make transactions with just 1 sat/vB.
Bitcoin L1 doesnt have a fee problem as big as ethereum.
Bitcoin L1 has no problem because there is no usage at all, not because LN has taken that much traffic out of it.
Half of the traffic is consolidations and a bit under a quarter these stupid runes, it's just insane to think close to 75% has moved to LN, that was simply not possible, Bitcoin solved the problem by stopping being a currency and an investment.
Do you think everyone is lying then?
Bitcoin ETF was a complete success, got many records of higher trading volumes.
Trump wants to create a bitcoin reserve.
I can buy bitcoin in basically every bank in brazil. (And probably in Europe and us too)
Everyone knows what is bitcoin. I see much more people accepting bitcoin than 5 years ago (although it could be more)
There are thousands(maybe millions) of people accepting bitcoin as payment method in the internet
And you are saying it stopped being an investment and a payment method?
I don't get. What is an investment then? Xrp? Solana? Bitcoin is way ahead of any other crypto.
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Personally, I don't think that Ethereum is going through a period of crisis, despite having lost around 19% of its value in this period, it still remains the second most important altcoin after bitcoin, I'm sure it will rise stronger than before
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Personally, I don't think that Ethereum is going through a period of crisis, despite having lost around 19% of its value in this period, it still remains the second most important altcoin after bitcoin, I'm sure it will rise stronger than before
When are you going to recognize that it's in crisis? When it's third or fourth in the market cap rankings? Clearly, a lot of users/developers remained discontented with the transactions over the Ethereum network and moving away to other cheaper blockchains. Before you know it, XRP or SOL are already in the $300B catching up to Eth
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There are thousands(maybe millions) of people accepting bitcoin as payment method in the internet
In 2017 if I remember correctly news broke of a Japanese payment processor accepting Bitcoin at over 200 000 stores in Japan, if any of those stores had made only 2 tx a day the blocks would be full with just their tx, well.... You can have 6 million people in Salvador able to pay with Bitcoin, but neither Chivo, or LN nodes, not the blockchain showed anything resembling even a 10% of them paying, so accepting and actually receiving is different. Fees are right now 30 cents, there are 20 million people paying remittances with WU and MG out of the USA alone, yet the mempool is almost empty, why?
And you are saying it stopped being an investment and a payment method?
My bad, I should have worded it like it stopped being a currency more of an investment.
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What do you think?
What could be the reason for the community's discontent with ETH?
Just the value?
I do think this discontentment with Ethereum is due to price only. We somehow always corelate coin's value to it's price, if coin has good price it's good coin otherwise nope.
Now, $3K is no less of course, but it has not increased as per people's expectations, despite BTC's increase.
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There are thousands(maybe millions) of people accepting bitcoin as payment method in the internet
In 2017 if I remember correctly news broke of a Japanese payment processor accepting Bitcoin at over 200 000 stores in Japan, if any of those stores had made only 2 tx a day the blocks would be full with just their tx, well.... You can have 6 million people in Salvador able to pay with Bitcoin, but neither Chivo, or LN nodes, not the blockchain showed anything resembling even a 10% of them paying, so accepting and actually receiving is different. Fees are right now 30 cents, there are 20 million people paying remittances with WU and MG out of the USA alone, yet the mempool is almost empty, why?
I think people lack knowledge about bitcoin. They also lack the patience to send from one exchange to another, deposit, withdrawal, sell, etc...
In Brazil lots of people use bitcoin to make remittances, bitcoin government charges us very high to make remittances. In Brazil, the higher volume of all cryptocurrencies in Tether, because it is expensive and complicated to buy USD here... crazy isnt it?
I think in the future XRP or some other crypto will make remittances cheaper, even when using banks.
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~snip~
(https://i.ibb.co/Lr1hQvF/eth.png) (https://imgbb.com/)
Source (https://x.com/VitalikButerin/status/1881680518934384676)
What do you think?
What could be the reason for the community's discontent with ETH?
Just the value?
I think this is a tough choice for Vitalik Buterin because the work environment seems strange and complicated so Vitalik Buterin took over all his work at the Ethereum foundation. As long as it can provide goodness for Ethereum I think Vitalik Buterin is still very suitable to manage all the technology owned by Ethereum.
I believe that Ethereum still has value for all altcoin communities because I too if given 2 Ethereum for free would definitely be very happy. ;)
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Personally, I don't think that Ethereum is going through a period of crisis, despite having lost around 19% of its value in this period, it still remains the second most important altcoin after bitcoin, I'm sure it will rise stronger than before
Indeed, if ETH experiences a crisis, the indicator should not only be a price drop. Because lately, since the end of January, the market condition has not been good enough, and the market often experiences extraordinary market drops so that not only ETH drops, but also other altcoins. Even BTC too. So, the ETH price drop benchmark cannot be used as a benchmark for the current crisis.
However, if there is a big FUD, a very drastic drop in the market cap, or others that can trigger the coin to drop much deeper than other coins, not only in price but also in market cap and ranking on CMC, then it might be a crisis.
whereas now, it's not like that.
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I'm sure a lot of the pressure everyone is putting on the ETH is inspired by SOL. SOL beat ATH, the network is being used by many new users, there is a huge volume of trading, many protocols using the network...it's working relatively well not to mention the tokens they release on SOL, which are doing very well, such as JUP, Kamino, Drift, etc...
I agree with this honest assessment as to why many ETH loyalists are feeling some insecurities as the market seems to be not going to the direction of Ethereum in terms of price, usage and development. This can create more pressures and there can be many holders who might decide to let go and take their money somewhere where there is more excitement and maybe more profit potential. Though Ethereum is still the number two to Bitcoin, it is not keeping up with the BTC movement making it a little bit inutile...yet we know that the potential of it is still there maybe there is just something wrong and people in Ethereum lead by Vitalik must seriously analyze this malady. Am still having some ETH in my portfolio but I am getting restless just like the rest of the holders.