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Ethereum Gave Away Too Much for Too Long. Will Its Pivot Be Enough? - Ep. 829

Unchained
Unchained
Episode • May 6 • 1h 28m

After years of underperformance, Ethereum is trying to change course, from scaling the layer 1 to potentially dumping the EVM. In this episode, Tarun Chitra and Max Resnick break down each of these new changes, analyzing the good, the bad, and the ugly. 

Is this a reset that can save Ethereum’s market position and price? Or has the protocol given away too much for too long?

They dive into:

  • Whether the gas limit increase changes everything
  • What went wrong with Ethereum’s economics and solo staking politics
  • Max’s view on “the single most important” change Ethereum needs to make
  • How ETH could claw back value from layer 2s
  • What Max would do if he ran Ethereum
  • Whether this pivot is too little, too late

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Timestamps:

  • 👋 0:00 Introduction
  • 🛠️ 2:05 Why Ethereum had to pivot and what triggered the urgency
  • 📈 7:16 Why raising the gas limit could actually be a big deal
  • 💻 9:12 Whether Ethereum devs are too idealistic
  • ⚡ 19:02 How Solana managed to outperform Ethereum at the base layer
  • 👨‍🏫 24:09 Why Max feels Vitalik’s proposals focus on outdated technology 
  • 🔧 27:57 The growing gap between Ethereum research and its execution clients
  • 👍 35:02 The ONE thing Max thinks Ethereum is doing well
  • ⚖️ 40:38 Did “credible neutrality” push Ethereum down the wrong path?
  • 🌀 48:23 Will the new Ethereum R1 rollup succeed? 
  • 🔀 52:53 What the new updates mean for layer 2s and their value proposition
  • 📉 1:02:58 Whether ETH is finally due for a price reversal
  • 🎯 1:09:12 Why Ethereum should take a page from Trump’s strategy playbook


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