In this hypothetical scenario, the reason Ethereum will fail is not because of “higher TPS from Solana,” but rather because its leaders hold contradictory views. This was announced by Evgeniy Gaevoy, CEO of Wintermute.
Vitalik Buterin recently made remarks about celebrities’ “experiments” with meme coins, and the head of the market maker addressed them.
The co-founder of the cryptocurrency with the second-highest market capitalization then made the case for prioritizing public goods projects over those whose primary goal is to enrich themselves. As examples of “more honorable” celebrity involvement, he mentioned an NFT collection and the 2021 Stoner Cats animated series starring Ashton Kutcher and Mila Kunis.
Blockchain, says Gaevoy, helps build capitalist systems that rely on incentives. Buterin and Hayden Adams, co-founder of Uniswap, are attempting to address their issues by expressing their commitment to important developers and insisting on socially worthy causes. Along with “endless attempts to deal with MEV,” the expert remembered.
It’s impossible, according to CEO Wintermute, to construct a capitalist and a socialist system simultaneously. The reason Gaeva chooses the first, despite its “ugly glory,” is because “it really works.”
Capitalism or planned socialism is what you end up with. He was very firm in his belief that one cannot have it both ways.
Recall that in May, Buterin outlined five blockchain architectural solutions that, if given the chance, he would like to alter.