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

Episode 829

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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Bitwise https://bitwiseinvestments.com/ciomemo

Tarun Chitra, CEO and Co-Founder of Gauntlet
Max Resnick, Lead economist at Anza

Unchained:

The Block:

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👨‍🏫 24:09 Why Max feels Vitalik’s proposals focus on outdated technology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

Published on 7 months, 2 weeks ago

Podcast Episode Details

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