A staunch Ethereum supporter has forcefully argued against the notion that the Ethereum blockchain network is struggling by trying to do too many things at once and subsequently “failing on all fronts.”
The Ethereum supporter’s argument, detailed in an X post, revolved around debunking the points highlighted by a critic who cited three areas where Ethereum lagged.
1. Respectfully, BTC is completely screwed because of its security budget. It would only cost $8B to 51% attack BTC today. When this gets down to $2B (AKA, BTC’s security market cap becomes 0.1% of its asset market cap), a 51% attack is virtually certain to happen. This will…
— gphummer.eth 🦇🔊 (@gphummer) May 14, 2025
According to the critic, Ethereum does not dominate any of the three sectors, including serving as SoV commodity money, providing the most efficient scalability platform, and having more blobspace than any other network. The critic rated Bitcoin, Solana, and Celestia above Ethereum in each highlighted area, considering the famous blockchain network the second-best in all the categories.
Ethereum Supporter Cites Decentralization, Layer-2 Potential Over Bitcoin, Solana
Meanwhile, the Ethereum supporter attempted to debunk the critic’s claims on all three fronts, citing Ethereum’s capabilities and rating it above each platform cited. For instance, the supporter classified Ethereum as the only truly decentralized cryptocurrency network. He berated Bitcoin, highlighting the possibility of a 51% attack on the pioneer cryptocurrency network because of its diminishing security budget.
Furthermore, the Ethereum fan thinks Ethereum remains the best bet for scalability in the blockchain ecosystem, considering its potential to accommodate multiple layer-2 protocols. He believes that, unlike its counterparts currently claiming to be more scalable, Ethereum has a brighter future and will surpass them soon.
Pertaining to the blobspace argument, the Ethereum fan did not argue over the critic’s opinion. He aligned with the view that Ethereum’s blobspace is relatively limited, citing the high cost of running such a system on Ethereum compared to doing it with some VC AWS chains.
Ethereum’s Multi-Role Strategy Likened to Windows and Internet’s Dominance
The Ethereum supporter concluded their defense by drawing an analogy comparing Ethereum with Windows and the wider internet, arguing that claims of the blockchain network trying to do too many things are unfounded.
Instead, he contends this versatility as a strength. The supporter considers Ethereum the most significant blockchain network, one that would outlive its contemporaries in delivering efficient and diverse services to users.
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