Ethereum’s Countdown: Will It Be Outlasted by MySpace? 😱

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Okay, hold onto your crypto wallets—Charles Hoskinson, the Cardano big cheese AND Ethereum co-founder, just dropped a bombshell: Ethereum might not survive the next 10 to 15 years. I know, it sounds like the plot twist in a bad movie. The guy who helped *build* Ethereum is now saying it could implode? Someone cue the dramatic music. 🎬

But here’s the real tea: Is this just Cardano trying to steal the spotlight, or is Ethereum actually in deep doo-doo? Let’s dig in.

Ethereum’s Layer 2 Drama 🍿

So, during a recent Altcoin Daily chat, Charles didn’t exactly give Ethereum a glowing review. He basically said it’s become a hot mess. Apparently, Ethereum is leaning way too hard on Layer 2 networks to fix its scaling problems. Yep, you read that right—“relying on others to fix it.” It’s like hiring a babysitter for your toddler, but then expecting the sitter to raise your kid for you. Good luck with that. 😬

JUST IN: Cardano $ADA founder @IOHK_Charles says Ethereum $ETH wont survive more than 10 years and compares it to MySpace and BlackBerry

— BlockNews (@blocknewsdotcom) April 23, 2025

Instead of fixing things, these extra layers are apparently just siphoning off Ethereum’s core value. You know, because who needs a solid foundation when you can just pile on more junk? 💀

Charles even compared Ethereum to *MySpace* (remember them?) and *BlackBerry*—companies that were once the king of the hill but totally got left in the dust when new tech came along. Ouch.

His take? Ethereum is a “victim of its own success,” struggling to keep up in the ever-evolving world of crypto. So, is it time to send Ethereum a “Sorry, better luck next time” card? 🤔

Hoskinson’s Hot Take Gets Mixed Reviews 🧐

As expected, the crypto world went into full meltdown mode. One person wasn’t shy about throwing some shade, saying, “The guy who copied Ethereum and made it worse is now predicting its death?” Yikes, the drama! 😱

But, surprise, surprise—some people actually agreed with Hoskinson, warning that Ethereum’s endless delays and complicated upgrades are starting to push people away. Hmm… maybe he’s onto something?

Ethereum’s Latest Upgrade: Scroll (Not the Social Media Kind, Sadly) 🛠️

Even with all the *shade* being thrown, Ethereum is still grinding away at upgrades. Enter: Scroll. A shiny new Layer 2 project aiming to reduce gas fees by a whopping 90%. I mean, who doesn’t love lower fees? Especially in crypto, where they’re basically the digital equivalent of a “handling fee” at a tacky tourist shop. 😒

The team behind Scroll is claiming this upgrade, called “Euclid,” is the biggest since Ethereum’s launch. So, if Ethereum is going down, it’s definitely not going down without a fight. 💪

ETH Price: Still in the Struggle Bus 🚎💸

But here’s the kicker: Even as Ethereum keeps pushing out upgrades, ETH’s price is still struggling. It’s down nearly 360% from its all-time high of $4,878. Oof. Meanwhile, new blockchains like Solana are gaining more popularity than that one friend who shows up at every party with free snacks.

So, yeah, Hoskinson’s comments might sound a little harsh, but there’s definitely some growing concern in the crypto community. Could Ethereum’s glory days really be behind it? Stay tuned for the next episode of “As the Blockchain Turns.” 😏

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2025-04-24 09:48