Coin Edition -
- The crypto community is divided on the reasons behind the hostility showered on Ethereum.
- A community builder argues people hate Ethereum due to its success, robust security, decentralization, and liquidity.
- However, a crypto influencer alleges SEC connections are a key factor in Ethereum’s dominance.
There have been significant divergent views among prominent figures in the crypto community regarding the underlying reasons for the widespread hostility directed towards Ethereum amid its dominance as the second biggest crypto project.
Liam, a notable community builder, suggested that the animosity towards Ethereum is not due to its lack of functionality but rather stems from its remarkable success. He argued that most developers and users have opted to stick with Ethereum due to its robust security, decentralization, and liquidity. According to Liam, they sidestepped other alternatives despite providing more efficiency and due to concerns of perceived centralization.
On the other hand, Huber, a well-known crypto influencer, proposed a different viewpoint. According to him, Ethereum enjoys monopoly and hate due to the actions of the previous administration of the U.S. Securities and Exchange Commission (SEC).
No it's because the last Administration of the @SECGov was bribed by Ethereums investors for going giving them unique regulatory advantages, which gave investors and builders unique certainty. Lubin calls SEC officials "big friends". It's the monopoly from the SEC and the capital… pic.twitter.com/Ohs4uaSzCG— Mr. Huber