THE FOUNDERS $ETH SPEAK OUT AND SHAKE UP THE CRYPTOCURRENCY MARKET !!

The co-founder of $ETH and founder of Cardano, Charles Hoskinson, has generated controversy by predicting a significant decline for #Ethereum in the next 10 to 15 years. In a recent "Ask Me Anything" session, Hoskinson argued that Ethereum suffers from fundamental flaws in its architecture, including an accounting model, a virtual machine, and a consensus model that he considers faulty.

Hoskinson criticized the implementation of Proof of Stake (PoS) of #Ethereum , calling it ineffective for long-term scalability and decentralization. Additionally, he described Layer 2 solutions as "parasitic," as, in his opinion, they extract value from the main chain without contributing to its functionality. The lack of robust on-chain governance was also pointed out as a factor that weakens cohesion and decision-making efficiency.

Comparing Ethereum to past tech giants like BlackBerry, which failed to adapt, Hoskinson suggests that increasing complexity and reliance on external solutions could lead to $ETH 's obsolescence. He predicts a gradual migration of users towards more efficient platforms, including Bitcoin's DeFi ecosystem, which would eventually overshadow Ethereum. Although he acknowledges that Ethereum was a brilliant project, Hoskinson believes that its own success and multifaceted development have become its greatest obstacles.