👤 Adam Back, CEO of Blockstream and one of the pioneers in the field of Bitcoin, has made very frank remarks about $ETH
⚠️ He believes that $ETH has serious design flaws, particularly the complex account system and the transition to the Proof-of-Stake (PoS) consensus mechanism – this increases technical risks and concentrates power in the hands of a few large token holders.
💬 "Sell ETH before it goes to 0 and buy Bitcoin."
🔧 He stated that no upgrade can fix the fundamental issues that Ethereum is facing.
🧨 Additionally, Adam Back criticized the Ethereum Virtual Machine (EVM) as being overly complex and vulnerable to attacks.
💣 He believes that this complexity contributed to the $1.4 billion hack on the Bybit exchange, where hackers exploited vulnerabilities in the smart contract to steal assets.