The world $ETH is SHAKING! 😨 Charles Hoskinson 🗣️, NOTHING MORE AND NOTHING LESS than co-founder of Ethereum 🤯 and founder of Cardano ($ADA ) 🚀!, has just dropped a BOMB 💣 that has left everyone speechless! 😲 In a recent livestream 🔴, he PREDICTS the DISAPPEARANCE of Ethereum in just 10 to 15 years! 🗓️ His CRITICISMS 😠 range from TECHNICAL ⚙️ and ECONOMIC 💰 aspects to the GOVERNANCE 🏛️ of the network. Get ready for an EPIC debate! 🍿

The MAIN CULPRIT? 🤨 The Proof of Stake (PoS) model ⛓️! Hoskinson describes it as having STRUCTURAL DEFECTS 🧱, relying TOO MUCH on a penalty system called ‘slashing’ 🔪! According to him, this creates UNNECESSARY FRICTION and HARMS participants 🤕, DISINCENTIVIZING participation and WEAKENING the network in the LONG TERM ⏳! His SOLUTION? 🤔 A Delegated Proof of Stake (DPoS) model 🤝, like that of Sui (SUI) 🌐, which he considers MORE EFFICIENT and RESILIENT 💪! (Beware 👀, this could CENTRALIZE power! 😬)

But that's not all! 🙅‍♂️ The Ethereum Virtual Machine (EVM) 💻 is also in the CROSSHAIRS 🎯! Hoskinson considers it OBSOLETE 👴 due to its design and growing COMPLEXITY 🤯! He believes it introduces INEFFICIENCIES 🐌 and VULNERABILITIES 🐛 that could be EXPLOITED with the growth of the network 📈, LIMITING its ADAPTABILITY 🔄! Although BUTERIN 🧠 proposed REPLACING the EVM 💡, Hoskinson believes a DEEP RESTRUCTURING is needed 🛠️!

And Layer 2 (L2) solutions 🔗 like Arbitrum and Base are NOT OFF THE HOOK! 🙅‍♀️ For Hoskinson, they do NOT SOLVE the SCALABILITY issues ⬆️, but act in a PARASITIC way! 🧛‍♂️! According to him, they EXTRACT VALUE from the main network (mainnet) 💰 without a SYMBIOTIC relationship 🤝, WEAKENING Ethereum's economy 📉 and ACCELERATING its DECLINE 🍂! He even makes ANALOGIES with EXTINCT TECHNOLOGICAL companies 💀 like Myspace and Blackberry! 📱➡️🗑️

Finally, although without going into details 🤫, Hoskinson also pointed out ERRORS in the ECONOMIC decisions 💸 of Ethereum and a LACK of a good ON-CHAIN GOVERNANCE system 🏛️! Could this be the BEGINNING OF THE END 🔚 for the ETH giant? 😱 The debate is OPEN! 🗣️


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