Why are you still optimistic about the prospects of Ethereum?

Source: Daoshuo Blockchain

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

Various media in the crypto ecosystem are also full of dissatisfaction and unfavorable news about Ethereum, such as recent doubts about the expenditure of the Ethereum Foundation and concerns about the current situation of Ethereum.

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

Not only others, but I myself have expressed regret and dissatisfaction with the lack of application innovation in the Ethereum ecosystem in this round of trends many times in earlier articles.

However, I will not doubt the prospects and potential of Ethereum because of these problems, and I don’t think these doubts and picky 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 against 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?

In fact, I have also said the reasons in an earlier article, and I still stick to those views:

- Unswervingly adhere to decentralization

In terms of decentralization, although I still have some doubts about POS, I am still pondering and comparing from all aspects which one of POW and POS can achieve decentralization in practice. But even in the most conservative statement, apart from Bitcoin, I believe that Ethereum is the most decentralized among all other chains.

And more importantly, Vitalik has always been highly vigilant about the new "centralization" signs that have appeared on Ethereum. This is something that no other soul figure of the blockchain has done, but I think it is the most core.

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

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

- Ethereum's ecosystem is still strong, and the threshold is still high

It is true that the application innovation of Ethereum's ecosystem has been 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 the application, but the bottom layer, the construction of infrastructure, and the creation of conditions for applications, so as to achieve the purpose of building a nest to attract the phoenix.

From this point of view, I think there is no problem with the current efforts and direction of the core team headed by Vitalik. As long as we 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 weak in application innovation when the infrastructure is sufficient? I feel that it has encountered a natural bottleneck period, and this bottleneck period cannot be skipped. It can only persist in hard work and give some time for the community and application developers to accumulate more creativity until the next innovation outbreak.

- Ethereum's soul is still shining

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

He attaches great importance to the management team of a company 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 only 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 is only temporary. Such a company will eventually degenerate and become mediocre with the passage of time.

Although I have always emphasized the importance of the encryption project team before, after reading Fisher's views on the team, I have a firmer and deeper understanding of this point.

From this perspective, Ethereum has the top soul figure in this ecosystem. I believe that he will be able to lead Ethereum out of the current confusion and hesitation and reproduce its glory again.

So I still believe in the future and prospects of Ethereum, but I don't know when its next ecological outbreak will be, what scenarios will appear, and what miracles will be created.