About a decade ago, it was welcomed by Ethereum as the most innovative Blockchain in the world, to its developer, the Russian programmer Vitalik Buterin, became very loved by the encryption community to the point that they called it Nakamoto 2.0. After years, the second largest encryption in the market collapses under the weight of its own ambitions. We may know why.
Ethereum problems with the CEO of Ethereum, Aya Miyaguchi did not start; In fact, we can say that she does not blaming at all. In the midst of that, the founder of Ethereum, the actual “council” or “the only decision maker” for Ethereum, Burin.
Unlike the Unknown Bitcoin creator, Satoshi Nakamoto, who wrote the white bitcoin paper, built the network, and then simply left it, Burin was always largely influential on what was happening in the network. The brand did not wear his possession until he turned one X on January 21.
no. This is not how this game works.
The person who decides the new EF leadership team is me. One of the goals of continuous reform is to give EF "The right council"But until this happens.
If you "Keep the pressure on"Then create an environment …
Vitalik.eth (Vitalikbuterin) January 21, 2025
Is it bad that he is the only one who decides to lead EF? Well, the programmer’s programmer does not give Sam-Bankman’s fried energy, so he does not want to harm the ethereuj network in any way. However, after the last ETH offers, Burin can live in the “central” story that sought rewriting.
One man Foundation: an unhappy community with EF
ETHEREMM was always supposed to be a decentralized force that leads the Blockchain development, exceeding what Bitcoin could achieve. Instead, the entity whose decisions seem to be about “no victory” policy are not working frankly at all.
Do not take our word for that. The encryption market went in the bull race in the past two months of 2024 after the victory of the US elections for President Donald Trump. Bitcoin via The $ 100,000 brand for the first time in December, 45 % rose within 30 days. How much is the profit collected by Ethereum holders?
Moreover, every decision affects Ethereum Blockchain, whether the transformation from work (POW) to proving the POS class or selling ETH to finance operating costs, may be a Burin fingerprint all over.
Bitcoin works under a completely different model of ether – what is the encryption community on a brand on social media as the real decentralization. There is no Bitcoin Foundation that dictates the network decisions or sells BTC. Miners work independently to secure the network, and choose whether their rewards will be kept or sold.
On the other hand, the latter constantly connects its protocol, and sometimes it looks like a more experimental software project than a central financial system. Ethereum sold more than $ 13 million from ETH in 2025 alone, according to Lookonchain Monitor.
What are sales? For introductions to developers and payment costs. But does it make sense to use the currency to make payments instead? Well, Burin tells you that this would cause “organizational concerns”. Does Ethereum not to believe in the network you are trying to improve? Do not guess.
ETH Maxi is recognized by Ethereum Control in the entire road map
Vitalik admits that the ethereum Foundation dictator
Hence: the entire ethereum road map in the hands of one person
Very funny pic.twitter.com/kf8obdivm7
Crypto Crystal Baller (CryptoCrystal_B) January 29, 2025
How can the ETHEREUM decentralization be really if it could affect one entity on its price and liquidity a lot? We will not take it away to say EF, led by Burin, makes Ethereum a central.
Have you done the transfer of points of sale?
Vitalik and his team of community developers told the community that Ethereum’s transition from proving work (POW) to adulthood (POS) was the best step for the network. The transition began with Byzantine and Constantinople promotions between 2017 and 2019, followed by the launch of a beacon series in 2020.
In 2021, EIP-1559 was presented Burns feesWhich paved the way for “Integration” in 2022, and who officially saw Ethereum moved to the points of sale.
However, despite all these promotions, Ethereum did not completely succeed in the field that really concerns: expansion. Sometimes, gas fees in the network are prohibited, and you will actually ask you to spend up to $ 12 just to send $ 10 from ETH. One can argue that repeated graphics screws deny the complete goal of the transition.
This is the harsh reality ethereum refuses to recognize. While the network that spent years implement the complex protocol changes, Bitcoin, which still suffers from problems due to the size of its network, continued to expand efficiently while preserving its basic principles.
Not among the winners, but they lead the losses
On February 3 x mailThe financial market analysts indicated in Kobesi’s speech that Ethereum has decreased by more than 35 % since Trump’s trade headlines in the middle of last Friday. The currency has decreased by 15 % in the past 24 hours, and its hands are now changing at $ 2,580, for each CONINECKO data.
Although the entire market is on a bloodbath, Bitcoin and most Altcoins initially witnessed tremendous gains from the end of 2024 in the upscale market, which ETH was not completely part.
If there is a greater light sign on the neon that the ETHEREUM fails, it will be on the ETH/BTC ratio. Ethereum has now collapsed to less than 0.029 BTC, reaching a four -year low.
ETH/BTC finally collapses. 029 to the lowest level in 4 years.
Nobody stores ETH – no countries, no companies, no saylors, not even ETAREUM. It is not money, it’s just a dead chain. The governor maintains its removal and will disappear at the end of the year. There is no second best. pic.twitter.com/jr065c1fki
– Techlead (techleadhd) February 2, 2025
The narration that ETH can be “ultrasound money” collapses, and regardless of the accumulation of the world associated with the Trump family, many “popular” companies do not hold on their dual budgets. The community has also sang the same song for years until now, the ETHEREUM itself does not store eth, it sells it.
Bitcoin is adopted as a legal tendency and is kept as a federal reserve in countries such as El Salvador and Putan. It is kept by companies such as Microstrategy and its proposal as a global reserve asset by politics. Ethereum, on the other hand, is just a graphic symbol for a network that wants fewer people to use a fewer people.
Should Borin go to Satoshi Nakamoto?
Satoshi Nakamoto, like any other programmer, had flaws when creating bitcoin. But the audience gave a network that governments and institutions trust with sincerity.
Ethereum supporters like to claim that POS is a superior system because it saves energy. But efficiency does not mean anything if the network is not safe and developed, and most importantly, at reasonable prices. ETHEREUM size is three times the volume of Bitcoin in terms of network capabilities, however the maximum Bitcoin market has not crossed since its establishment.
Bitcoin does not have Vitalik biterin, and there is no one person calling for bullets, and there is no basis to throw BTC in the market. Ethereum was not the “next bitcoin”, and without a fundamental change in governance any time soon, it may not be in the encryption conversation at all.
