Multicoin Capital Co-Founder Criticizes Ethereum's Scalability Issues

According to BlockBeats, on January 22, Multicoin Capital co-founder Kyle Samani expressed his views on social media regarding Ethereum's scalability challenges. Samani, who entered the cryptocurrency space through Ethereum in 2016, shared his initial enthusiasm for permissionless finance and smart contracts, noting that Ethereum was his first significant source of wealth. Samani recalled attending Devcon 3 in November 2017 in Cancun, Mexico, when Ethereum was 2.5 years old. He arrived an hour early for Vitalik Buterin's keynote speech, eager to hear solutions to Ethereum's scalability issues. However, he left the presentation disappointed, as the topic was not addressed. Samani criticized the Ethereum Foundation for lacking awareness and urgency in developing a concrete scalability plan. He described Devcon 3 as the moment he lost confidence in Ethereum, citing a disconnect between the leadership and the core users' needs. Reflecting on the past seven years, Samani believes that the Ethereum Foundation has not changed significantly, maintaining a lack of urgency and clear direction.