#ETH During a discussion about the long-term viability of Ethereum, Hoskinson pointed out critical structural vulnerabilities, governance deficiencies, and value erosion caused by Layer 2 solutions.
_Hoskinson's main concerns
_Unsustainable design: "The current architecture of Ethereum will struggle to sustain itself over the next decade without significant reforms."
_Historical precedent: He compared Ethereum's trajectory to the decline of BlackBerry, which was a dominant player in the tech industry.
_Layer 2 drain: He warned that Layer 2 solutions are extracting value instead of reinforcing the network's robustness.
_Centralization risks: He highlighted concerns about the centralization of governance and inadequate decision-making on-chain.
_Call for reform: He urged immediate corrective measures to prevent Ethereum from losing relevance.
_Critical challenges facing Ethereum
_Architectural limitations - Ethereum's monolithic Layer 1 structure is becoming increasingly inefficient.
_Ambiguous and exclusive decision-making hinders progress.
_Layer 2 fragmentation - The ecosystem is ceding value to external Layer 2 solutions without fostering long-term cohesion.
_Scalability constraints - Bottlenecks in performance persist despite ongoing upgrades.
_Why this matters
_Hoskinson, an original co-founder of Ethereum, brings both technical expertise and insider perspective to his critique.
_Ethereum's market dominance has already diminished by 2025, increasing scrutiny on its development roadmap.
_A major disruption or collapse could destabilize thousands of projects dependent on DeFi, NFT, and infrastructure.
_Broader implications
_Competing blockchains like Cardano and Solana are advancing towards scalable and governance-focused alternatives.
