Ethereum Supporter Rebuts Claims ETH Is “Failing on All Fronts”

By: bitcoin ethereum news|2025/05/14 22:00:12
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Ethereum supporter refutes critic’s claim ETH network is failing, citing true decentralization. Argues ETH’s Layer-2 ecosystem offers superior long-term scalability over rivals like Solana. Compares Ethereum’s multi-role strategy to Windows/Internet, predicting ETH outlives peers. 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. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company. Source: https://coinedition.com/ethereums-multi-role-strategy-likened-to-windows-and-internets-dominance/

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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