Ethereum Crisis

[rdluffy]

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


Source

What do you think?
What could be the reason for the community's discontent with ETH?
Just the value?

[Crwth]

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.

[Mia Chloe]

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.

[salad daging]

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.

[rdluffy]

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

[MrSpasybo]

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.

[armanda90]

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.

[Stompix]

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.

[debra]

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.

[rdluffy]

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

[bitmover]

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)

[rdluffy]

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 
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?

[bitmover]

ETH fees are so expensive when compared to other networks that I don't even know what to say anymore hehehe 
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...

[Stompix]

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.

[Zed0X]

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.