📈 24 hours surged 400 times, what concept is Gorbagana炒ing?
📅 Recently, the 'Gor' token on the Solana chain surged 400 times within 24 hours, with its market capitalization briefly exceeding 40 million USD. The entire incident actually began with MetaLeX founder @lex_node's concerns about the decentralization of Solana, which sparked a response from Solana co-founder Toly on social media X. The back-and-forth exchange between the two on X gradually revealed the philosophy behind the token.
🙎 Who is Gabriel Shapiro?
Before serving as the Chief Legal Officer at Delphi Labs, Gabriel Shapiro 'lex_node' was a lawyer at a Wall Street law firm’s Silicon Valley office, specializing in assisting tech companies like Paypal and Facebook with buy-side acquisitions.
🪙 Ethereum Classic = Solana, Ethereum = Gorbagana?
Yesterday, Gabriel Shapiro engaged in a heated debate over 'the legitimacy of chains and trademark control'. Gabriel Shapiro recalled the fork of Ethereum following the THE DAO incident in 2016, pointing out that the Ethereum Foundation relied on its control over the 'Ethereum' and 'ETH' trademarks to successfully shape the new chain after the hard fork into the legitimate version, relegating the original chain to Ethereum Classic.
In his view, this fact illustrates that the so-called 'decentralization' is actually constrained by Web2-style legal power at critical moments. He further warned that the Ethereum Foundation may have already lost effective control over the 'ETH' trademark, as brands like MegaETH and ETHDenver have been widely used without authorization.
He believes that 'if a company owns a trademark but lacks a credible neutral rule to determine how it can be used, then the project is not truly decentralized / autonomous.' In his view, this fact illustrates that the so-called 'decentralization' is actually constrained by Web2-style legal power at critical moments. Solana's founder Toly responded to this by saying, 'No matter where you are, as long as everyone is using the same ledger, the brand name doesn't matter.'
