Wintermute CEO: Ethereum leaders in'huge conflict'
Evgeny Gaevoy, CEO of digital asset market maker Wintermute, said that Ethereum leaders must choose between supporting capitalism or a socialist economic system, but not both. You are either building capitalism or planning socialism. Sorry, you really can't have both. If ETH fails in the future, it will not be because Solana is faster, but because the ETH "elite" is still caught in a huge contradiction.
Gaevoy believes that Vitalik Buterin, Adams, and many others within the Ethereum community face a contradiction in claiming to want to build products that bring positive change to society and are ultimately valuable, while continuing to try to address maximum extractable value (MEV), the maximum value that can be extracted from a set of transactions based on the order of transactions.
Previously, Ethereum co-founder Vitalik Buterin and Ethereum decentralized exchange (DEX) Uniswap founder Hayden Adams both recently commented on the proliferation of celebrity memecoins.