
yyy|Apr 21, 2025 02:54
After reading the blog post just published by V God @ VitalikButerin, a thought flashed through my mind but persisted. I subjectively found an "excuse" to convince myself that ETH's price has plummeted in this bull market.
That man seems to have been walking on the wrong path towards the future of Ethereum, a path of technological geeks' arrogance and a bullish illusion driven by technological innovation to increase the price of the coin.
Since the completion of The Merge merger in September 2022, Ethereum has switched from PoW to PoS consensus mechanism, and has introduced Blob data sharding in the upgrade of EIP-4844 in Dencun. It is also expected to launch the Pectra upgrade next month, which will improve account abstraction, increase Blob capacity, and promote the evolution towards modular blockchain.
As mentioned in this blog post, the ultimate optimization of Ethereum's execution layer - RISC-V zkVM replaces the current EVM
All innovations on Ethereum will revolve around improving the performance of the L1 mainnet.
But it has been proven that underlying technological innovation cannot save Ethereum. ETH, like a hot potato, is despised by people, and its price trend has been halved in the past year. Using a reverse logic, if the price of a coin is positively correlated with its technology, then Ethereum and Tazi Ge, who take pride in zk technology innovation, would not be in the current trend.
V God @ VitalikButerin is not aware of this, he is still talking about the infinite possibilities of Ethereum under underlying innovation, a utopia unrelated to coin prices.
To dispel the charm of technology, pulling the plate can solve a thousand worries. This is the lesson Ethereum taught me during this bull market cycle.
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