Three thoughts on Vitalik’s latest article

Author: NingNing

Talk about my thoughts on Vitalik's latest essay:

1

General Secretary Vitalik issued the highest instruction, adhering to supply-side economics unwaveringly. In the face of severe external challenges from Solana, the Ethereum ecosystem must enhance its confidence in the infra-centric path and the white left hippie culture, and continue to unswervingly advance the modularization (sharding) path of Ethereum. In 25 years, the two main network upgrade key projects of Pectra/Fulu Osaka will be implemented, and achievements will be made in key areas such as account abstraction, L1/L2 interoperability, Blob market mechanism, data availability sampling main network adoption, and main network block statelessness.

In the new year, all staff of the Ethereum ecosystem should adhere to the (abstract) consumer-centricity, promote the (false) Mass Adoption of Web3, and focus on the new Infra spin-off - high-performance AltVMs chain, fully support them through equity NFT airdrops and point Fi siphoning Solana ecology, and consolidate the position of Ethereum L1 as the world computer / Web3 financial settlement layer.

2

Vitalik's essays reveal his white left crypto philosophy everywhere: he loves the abstract concept of decentralization and Infra, but hates users who embrace the concept of decentralization and use decentralized Infra - DeFi Degen, Pumpfun Gambler, Crypto Trader, etc.

The Solana ecosystem, which represents the American spirit and WASP blue blood in this cycle, has a 24-hour transaction volume of one chain that surpasses the entire Ethereum ecosystem at its peak. Its ecosystem wallet Phantom ranks in the top 3 in the AppStore/Google Play Store download rankings, crushing the Ethereum ecosystem wallet Metamask.

What's more frightening is that Solana has occupied the minds of most Z-generation/post-00s P-teens and developers, many of whom have already regarded Ethereum as something that only ancient people can play with.

Faced with these structural challenges from the consumer level, Vitalik gave a classic white left solution: continue to vigorously engage in production and infrastructure.

The reason is obviously not to maintain the fundamental interests of the Ethereum ecosystem, but because he is too afraid that power will slip away from him and run to the hands of business elites from Wall Street/Silicon Valley.

Will this work?

3

Although both the Ethereum ecosystem and the Solana ecosystem refuse to admit the existence of the Ethereum-Solana War, everyone knows that the Ethereum-Solana War will inevitably become the main line of the industry in 25 years.

The market and user mind battle between @SonicSVM, @soon_svm, @solayer_labs of Solana's SVM camp and @monad_xyz, @megaeth_labs of the ETH AltVM lineup will bring a lot of new wealth opportunities to everyone.

If priced according to the current deribit BTC options market, 25 years will be a large W shock structure. In such a market environment with tight liquidity and low market risk appetite, SOL Flip ETH may come as expected at some point in the spring/autumn market.

Once this event occurs, it will greatly change the mental structure of the market, and Ethereum's Minsky moment will come.

As an investor, you need to control this risk through hedging while it is still possible.