Fighting for Truth - The Daily Gwei #369
Ethereum has had a lot of haters and doubters over the years with many calling it dead during the brutal bear market of 2018 and 2019. Though, as we’re all well aware, over the last couple of years Ethereum has exploded in growth and adoption proving every single one of these doubters wrong. But still, there are people out there now who work to diminish these accomplishments or try to find some way to discredit them - such is the nature of being the tallest tree of the industry. It's a sad fact that no matter what the Ethereum ecosystem achieves there will always be people right there to diminish those accomplishments.
Ignore these people, focus on the winners, and learn as much as you can from reliable sources.
That's how you make it. No matter what Ethereum accomplishes, the goal posts always move. People had said for years that Ethereum would never ship Proof of Stake but then the Beacon Chain went live on December 1st in 2020 and what did those people do? They shifted the goal posts and basically said that because The Merge hadn’t happened yet, Ethereum was not “officially” Proof of Stake. The thing is that I actually agree with them here - but this was not their original critique - saying that “Proof of Stake would never ship” is very different to saying something like “Ethereum will never be a Proof of Stake network”. All this tells me is that these people are not honest critics - they are only interested in tearing down Ethereum with whatever they can latch onto - and that’s exactly why it’s not even worth listening to them. Another major point that critics like to focus on is how much Ethereum’s roadmap has “changed” over the years and how certain features have been cut altogether. The thing that these people don’t realise is that this happens with every single product or service in any industry - it’s just that Ethereum is developed out in the open so that’s why everyone hears about it. Could you imagine Apple developing the first iPhone completely in the open? Just imagine if the whole world was able to see every failure Apple made, every feature they cut, every iteration they went through - it’d very much look like Ethereum’s public development process. This same principle applies to basically everything - if you have a front-row seat to watching the sausage be made, you’re going to have a lot more to critique than just seeing the final product. I believe that Ethereum catches the most attention and thus the most hate because it is the largest ecosystem in crypto by far. In saying that, Ethereum isn’t the only ecosystem that has to deal with constant critique and I always find it funny when the only time certain networks are talked about is when something goes wrong (such as when Ethereum Classic suffers a 51% attack every other week). The entire ecosystem could probably benefit from much better criticisms across the board but unfortunately it’s just easy (and popular) to go after something’s weak points. I’m not sure if this is going to change any time soon and if we look at other industries for guidance then I’d probably lean on it not changing - but that doesn’t mean we should stop fighting for the truth. When Eric Conner and I originally launched EthHub, we did so because we were fed up with the amount of lies and misinformation being spread on Twitter about Ethereum (and we needed a scalable way to fight back). Since then, an amazing ecosystem of educators and media organizations have spun up which means Ethereum is in a very good place when it comes to fighting off bad information. Though, the fight never ends, and I hope you’ll all join me in continuing to educate people about Ethereum in healthy and sustainable ways. Have a great day everyone, Enjoyed today’s piece? I send out a fresh one every week day - be sure to subscribe to receive it in your inbox! Join the Daily Gwei EcosystemAll information presented above is for educational purposes only and should not be taken as investment advice. If you liked this post from The Daily Gwei, why not share it? |
Older messages
Burn Baby Burn - The Daily Gwei #368
Monday, November 1, 2021
ETH just had its first deflationary week.
The New Meta - The Daily Gwei #367
Friday, October 29, 2021
The metagame has changed - or has it?
Security Conscious - The Daily Gwei #366
Thursday, October 28, 2021
Ensuring a safe DeFi experience for everyone.
The People's Network - The Daily Gwei #365
Wednesday, October 27, 2021
All are welcome on Ethereum.
Taking It Slow - The Daily Gwei #364
Tuesday, October 26, 2021
Always be playing long-term games.
You Might Also Like
Bitcoin’s sudden dip under $95k incurs $180 million in trader losses, stalls $100k momentum
Monday, November 25, 2024
Turbulent hour for traders as Bitcoin slip below $95000 incites major liquidations for crypto traders. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
📈 BTC and ETH futures open interest on exchanges hit record-highs; Crypto.com acquired financial exchange and bro…
Monday, November 25, 2024
BTC and ETH futures open interest on exchanges hit record-highs; Crypto.com acquired brokerage firm Charterprime and extends its Visa card to Latin America; Options on US Bitcoin ETFs began trading. ͏
President Trump To Privately Meet With Coinbase CEO
Monday, November 25, 2024
We bring you the top stories in crypto every week! Stories like... Monday Nov 25, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR Welcome to this week's edition of CryptoWeekly Recap,
Mingdao: Transforming Illusions into Reality - Discussing MicroStrategy's Grand Strategy
Monday, November 25, 2024
MicroStrategy has truly hatched the biggest golden egg in this crypto cycle, with paper profits exceeding $15 billion in less than two years. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Finish signing in to Crypto.com DeFi Research
Monday, November 25, 2024
Here's a link to sign in to Crypto.com DeFi Research. This link can only be used once and expires in one hour. If expired, please try signing in again here. Sign in now © 2024 Crypto.com 1
Polymarket: A revolution in prediction markets
Sunday, November 24, 2024
CryptoSlate's latest report explores Polymarket's evolution, its role in high-stakes prediction events like US elections, and the impact of its controversies on its market position. ͏ ͏ ͏ ͏ ͏ ͏
Asia's weekly TOP10 crypto news (Nov 18 to Nov 24)
Sunday, November 24, 2024
The Japanese government has announced plans to advance a new economic stimulus package, expected to receive approval by the end of 2024. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
A Distinctive Black Flag Brand | Black Flag DAO Weekly Rollup
Saturday, November 23, 2024
Catch Up With What Happened This Week in Black Flag DAO ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Blockchain Association urges Trump to tackle crypto reform in first 100 days
Saturday, November 23, 2024
The association sent a letter with five priorities to the President-elect, including regulatory clarity and ending crypto firms' "debanking." ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Weekly Project Updates: SOL Reaches New All-Time High, Magic Eden to Hold TGE on December 10, 10 Trillion BONK Tok…
Saturday, November 23, 2024
Bloomberg ETF analyst James Seyffart shared that Cboe has filed applications with the SEC for four Solana spot ETFs, with issuers being VanEck, 21Shares, Canary Capital, and Bitwise. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏