The market is buzzing with rumors that "Ethereum may disappear within 10 years"! A well-known institution has abandoned investment in Ether, marking it as a meme coin rarely.

FX168 Financial News ( Asia-Pacific ) reports that Cardano blockchain founder Charles Hoskinson publicly criticized Ethereum during a live broadcast, boldly predicting that Ethereum will disappear within 10 years. This statement has gone viral in the crypto media and Twitter communities. The correlation algorithm company Two Prime has officially abandoned investment in Ether and categorized it as a meme coin for trading, rather than a predictable asset.
Hoskinson pointed out the three major pain points that Ethereum is facing, including technical issues, on-chain governance issues, and Layer2 economic issues.
He believes that the overall disaster caused by Ethereum's proof of stake ( PoS ) is far greater than its utility. Firstly, there is the centralization issue; Ethereum fundamentally cannot escape a certain degree of centralization, and the architecture lacks the capability to adapt to new technologies. Secondly, there is the on-chain governance issue; Ethereum's governance and system upgrades, and coordination do not show sufficient governance tolerance, which makes it difficult for Ethereum to accept different voices.
Finally, there is the economic issue of Layer 2. He believes that too many Layer 2 tokens have drained the value of Ethereum itself, and the architecture itself makes it difficult to compete with decentralized finance (DeFi)( related to Bitcoin) or Solana.
"Ethereum is a successful project, but it is currently suffering because of its own design... You go to Perplexity, it thinks for a moment, and then gives you a direct answer; that is better searching, not a place to find the information you want, but a place that gives you the answer directly. So, when these new paradigms emerge, if you don't respond immediately, they will quickly kill you, and that is Ethereum's current situation."
He also predicts that Ethereum will disappear in 10-15 years. "Given their scale and size, establishing an on-chain governance system will take five to seven years, so I believe Ethereum won't last more than 10-15 years. Layer 2 networks will continue to siphon off all the Alpha, and people will start to argue. It will become increasingly difficult for Ethereum founder Vitalik Buterin( to maintain the situation with his strong willpower; users will gradually migrate elsewhere, and then they will be surpassed by Bitcoin DeFi, because once launched, the total locked value)TVL( will exceed Ethereum, and many people will begin to move in that direction, as the UTXO paradigm naturally guides people to develop in that direction."
The algorithmic trading firm Two Prime has officially abandoned its investment in Ether, stating that Ether is now being traded as a memecoin ) memecoin ( rather than a predictable asset.