The situation of Ethereum

Author: cryptoHowe.eth Source: X, @weihaoming

Recently, a tweet from Brother Jian @jason_chen998 sparked everyone’s discussion on Ethereum. After reading the views of Brother Haotian @tmel0211, Brother Chen Mo @cmdefi, etc. in the past two days, I will also write down my own views and opinions.If you have any questions, you are welcome to point them out.

Brother Mo gave examples of building cars and building roads, and I will use another example that may not be appropriate to illustrate it here.Here weComparing the Ethereum ecosystem into a property that can be speculated. Retail investors are investors who want to speculate on real estate, while the Ethereum Foundation is equivalent to the developer/property management of the property..

Then, looking back at the development of the Ethereum ecosystem, we can findThe construction route and process of the property are basically finalized and executed by the developer themselves.This did not show too much impact in the early stages of the property. After all, it was originally an open land. The most important thing to do was to build the property first. With the signboard and start delivering, it is better to start attracting investment., attract more investors.

The current Ethereum ecosystem is similar to a property that has been delivered for a certain period of time. It has experienced several good investment trends during this period. The Ethereum Foundation has also begun to change to the role of property management..At this point, I believe everyone has more or less experienced the scene of differences and conflicts between the owners (investors) and the property.at presentThe difference between the two lies in what property management does (the decision of the Ethereum Foundation) and meeting the needs of owners (the needs of market users)This is like the owner was reporting to the property that the sewer pipe at home was blocked. The property owner spent a few days making a planned route, saying that we would dismantle the drainage pipes of all buildings and replace them with a larger one.This is what Meng Yan teacher @myanTokenGeek said at Space last nightThe Ethereum Foundation’s current approach tends to pursue the best, not just the best.

But as I have always said,The first thing users care about when using products is “whether they can simply and quickly meet their own needs”, they don’t care whether the product they are using is Web2 or Web3, and they don’t care how much the product they are using has increased in some aspects compared to other products. They only care whether this product can simply and quickly achieve its needs..

That is, the owner only wants the property to be able to clear his sewer pipes as soon as possible, and does not care whether other owners will have this problem or how much money the property will spend to hire someone else to deal with this matter, etc.If the property chooses to ignore the direct needs of users and turn to adopt a longer-term and time-consuming solution, this will lead to serious dissatisfaction and even loss of property owners. For external investors who are considering buying the property,When you see this situation, you will be more or less worried about the appreciation potential of the property, and you may even be attracted by the property with better services and greater potential next door.

Therefore, in the current ecological development,The Ethereum Foundation’s approach is very decoupled from the needs of market users.Users are experiencing events such as the Layer2 blood sucking, and the prosperity of Solana next door, inevitably expressing their concerns about the “calm” phenomenon of Ethereum.andAs one of the important roles in the development of Ethereum, the Ethereum Foundation undoubtedly needs to be comprehensively considered in terms of technology research and development and market demand., blindly burying himself in technical research and ignoring the market’s voice, the ultimate result is undoubtedly the rapid loss of a large number of users.

My personal opinion is that the Ethereum Foundation is inclined to find a suitable balance between development path and market demand, and note that it is not to find the optimal solution.It is already amazing that Ethereum can do this now. We cannot blindly deny the achievements it has achieved because of a temporary crisis.What price can a property be sold at? The key is whether investors can find good selling points, such as good decoration (complete infrastructure), good supporting services (mature ecological development), etc. These are not what developers/properties need the most.When it comes to concerns, their focus is more on ensuring the safety of buildings and improving the quality of services.

At the same time, we should not forget that if the Ethereum Foundation had not had the efforts of the first, there would not have been a solid infrastructure that could support the booming development of upper-level applications. Their efforts should also be recognized and ended with one sentence.

Time and patience will be the best antidote.

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