- Udi Wertheimer podcast co-host at Reckless review made a tweet on 18th February regarding Ethereum.
- Ethereum community is behaving in such a way that it is getting embarrassed every single week.
Udi Wertheimer podcast co-host at Reckless review made a tweet on 18th February regarding Ethereum. In his tweet, he says that the Ethereum community is behaving in such a way that it is getting embarrassed every single week.
It is unbelievable how they do not realize this. He further said that people need to understand that this experiment from Ethereum has going on too long, and it is time to classify it as a failure instead.
He also added that he is following Ethereum since the very beginning, and he used to be bullish about its success as well. He posted another tweet where he stated that he liked Ethereum’s experiment when it was an experiment, but now it is certain that the experiment has failed and they are just trying to convince the people otherwise.
He said that the ideas related to DeFi are as broken now as they were when it was introduced over five years ago. Ethereum is just repackaging the same failures with newer shinier logos and nothing more.
Some of the users didn’t agree with Wertheimer and ridiculed him. However, some others asked him how he is sure about his claims. One such user commented that he needs to explain the reason why Ethereum’s experiment is a failure.
Another user said that Ethereum has been out for quite some time and has a market cap of $30 billion. It has embarrassed itself recently, but it doesn’t mean that it cannot be successful. He further asked what the chances that Ethereum would not be as successful as Bitcoin in 10 years are?
Udi replied to this comment that “unless Justin Sun buys Ethereum, it won’t be present within the next ten years.”
As of now, Ethereum is going for $264. It started very well in 2020 as it climbed to $287 mark after starting around $150 in January.