Ethereum Crisis

[electronicash]

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.

[bitmover]

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.

[rdluffy]

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

[bitmover]

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

[philipma1957]

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)

[bitmover]

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

[rdluffy]

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 

[Bobcrypto]

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.

[Stompix]

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.

[bitmover]

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.

[bitcoin-shark]

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

[Zed0X]

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

[Stompix]

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.

[libert19]

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.

[bitmover]

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.