Why are you still optimistic about the prospects of Ethereum?

Source: Daoshuo Blockchain

During this period, many readers have expressed great questions about the prospects of Ethereum in their messages, and some also asked whether it is necessary to exchange Ethereum for tokens of other blockchains (non-bitcoin).

The media of various crypto ecosystems are also full of dissatisfaction with Ethereum and unfavorable news, such as recent doubts about the Ethereum Foundation’s spending and concerns about the current situation of Ethereum.

Many of these questions and dissatisfactions reflect quite objectively the various problems facing Ethereum, and they are also problems that the Ethereum ecosystem must solve in the future.

Not only others, but I myself have expressed my regrets and dissatisfaction with the lack of innovation in the Ethereum ecosystem in this round of trends.

However, I will not doubt its prospects and potential because of these problems in Ethereum, nor do I think these doubts and pickyness will affect the future development of Ethereum.

As the strongest application chain in this ecosystem, Ethereum should bear and face these doubts, and should move forward in the wind and rain. Even if the sky falls, such a strong person should support the continued development of the entire crypto ecosystem.

Why am I still so firmly optimistic about Ethereum?

Actually, I also mentioned the reason in an earlier article, and I still stick to those views:

– Unswervingly adhere to decentralization

In terms of decentralization, although I still have certain questions about POS, I am still considering and comparing from all aspects which POW or POS can achieve decentralization in practice.But even in the most conservative way, putting aside Bitcoin, I believe Ethereum is the most decentralized among all other chains.

And more importantly, Vitalik has been highly vigilant about the new “centralization” signs appearing on Ethereum.This is not done by any other blockchain soul, but I think it is the core.

This is very important in today’s situation, especially when the world is increasingly facing polarization and fragmentation.

To pursue decentralized assets as much as possible, I believe that in the future, it will play an extremely important role in global geopolitical games and conflicts, and will become a safe island for carrying funds in various risk hedging.

– Ethereum’s ecosystem remains strong and its threshold remains high

It is true that the application innovation of the Ethereum ecosystem is quite unsatisfactory in this round of trends, but objectively speaking, it still has a strong ecosystem, a good atmosphere and a healthy community.

I always believe that the core and focus of Ethereum itself is not application, but the underlying layer, the construction of infrastructure, and create conditions for application, so as to achieve the purpose of building a nest and attracting phoenixes.

From this point of view, I don’t think there is any problem with the current efforts and direction of the core team led by Vitalik.As long as you move forward in this direction, the threshold of the Ethereum ecosystem can be maintained and the ecosystem can remain active.

As for why Ethereum is now in a situation where infrastructure is sufficient, its application innovation is weak?I feel that I have encountered a natural bottleneck period, and this bottleneck period cannot be skipped. It can only persist and give some time to allow the community and application developers to accumulate more creativity until the next oneInnovation explodes.

– The soul of Ethereum is still shining

I have been writing articles to introduce the contents of Fisher’s book these two days.

He considers the management team extremely important when judging the long-term potential of a company.

He believes that if a company has a good team, any difficulties faced by the company will be temporary, and the company may create miracles that people today cannot imagine in the future.If a company does not have a good team, even if it is brilliant at the moment, it will only be temporary. Such a company will eventually degenerate and be mediocre as time goes by.

Although I have always emphasized the importance of crypto project teams before, after reading Fisher’s view on the team, my understanding of this point became more firm and profound.

From this perspective, Ethereum has the top soul figure in this ecosystem. I believe that he will definitely lead Ethereum out of the current confusion and hesitation and reappear once again.

So I still believe in the future and prospects of Ethereum, but I don’t know when, what scenarios will appear, and what miracles will be created when its next eco-explosion will occur.

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