In the world of decentralized networks, battle lines are drawn not only between different blockchains, but within the communities that produce them. Bitcoin, having survived its civil war, has emerged stronger, proving its resilience and commitment to the principles of decentralization, freedom, and truth. On the other hand, Ethereum is currently embroiled in an internal conflict, revealing a stark contradiction in its community spirit and leadership philosophy.
Vitalik Buterin’s recent tweets regarding the Ethereum Foundation drama are a testament to this. They reveal a society that seems to prioritize perception over substance, a hallmark of the bureaucratic and “woke” culture that has permeated society as a whole. Ethereum’s approach, under Buterin’s guidance, reflects a refusal to embrace the “Bronze Age mentality” that was central to Bitcoin’s success. This mindset, often derided by outsiders as “toxic extremism” (incidentally, the term “extremism” was coined by Vitalik himself), advocates unapologetic truths and a fierce defense of basic values like decentralization and security.
Toxicity, in this context, becomes a virtue. It favors those who want to talk about uncomfortable truths and maintain the integrity of the original vision of blockchain. Choosing the path of bureaucratic, HR-friendly discussions leads to a landscape in which managing perceptions trumps achieving actual results. Not only is Ethereum’s current predicament a long time coming, it may serve as a necessary wake-up call to those who have strayed from what blockchain technology was supposed to achieve.
In contrast, Ethereum’s current turmoil shows leadership cracking under pressure, revealing Buterin’s true colors — and not for the first time.
Bitcoin, unlike Ethereum, has no backbone, and this is by design. Does this make our governance process a hundred times harder? Certainly, and this is precisely the point. Although I may not always agree with criticisms of Bitcoin Core, I do recognize the value of knowing that it can be replaced at any moment. The Ethereum Foundation has always been a magnet for centralized control, and Power vacuum Its collapse will leave and sow chaos. Bitcoin governance may be an organized mess, but Ethereum is now facing a wave of disorderly chaos that could further tarnish its reputation. I would like to see Vitalik return to Bitcoin; He’s smart, no doubt. However, his current role as the “man in control” is exactly why Bitcoin avoids having a public persona. The commoners, the runners in the knot – they are in control, and this is the best way.
The .ETH community’s apparent lack of commitment to these basic blockchain principles points to a future in which Ethereum may not only suffer significantly from its own civil war, but may also lose its relevance.
The irony here is clear. While Ethereum struggles, other platforms like Solana stand to gain.
But it seems that those who make this migration do not learn from their mistakes. They realize the ugly side of Ethereum and Vitalik, but instead of looking for the true intuitions of a good network, they move to a more centralized alternative.
However, this shift is likely to be temporary. The so-called “on-chain refugees” fleeing the Ethereum chaos will eventually find their way back to Bitcoin, the original and only cryptocurrency that has consistently delivered on its promises without drama. They need one more rug pull by Solana before they finally end their journey, like all of us – Bitcoin only.
This drama within Ethereum has been brewing for years, and while it may be late, it is not a good time for humanity. The time wasted building on what some might argue is a fundamentally flawed system would have been better used developing technologies that genuinely support the ideals of decentralization and freedom.
As Ethereum continues to go through its internal struggles, it serves as a cautionary tale. It emphasizes the importance of a society that values truth over narrative, freedom over control, and decentralization over centralized decision-making. Bitcoin is coming out strong Its civil war It wasn’t just about survival; It was about proving the soundness of his principles. The ongoing struggle that Ethereum faces may be just the catalyst needed for the blockchain community to return to those roots, realizing that in the world of cryptocurrencies, only those built on true and consistent principles will stand the test of time.
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Articles written by Guillaume in particular may discuss topics or companies that are part of his company’s investment portfolio (UTXO Management). The opinions expressed are solely his own and do not represent the opinions of his employer or its affiliates. He receives no financial compensation for this footage. Readers should not consider this content as financial advice or an endorsement of any particular company or investment. Always do your own research before making financial decisions.