Ethereum advocates are fighting back against a wave of misinformation and FUD targeting the ecosystem.\u00a0The attacks come as ETH has underperformed rival layer-1 blockchain tokens, sparking more crypto tribalism.<\/p>\n
On Oct. 17, independent Ethereum educator and angel investor Anthony Sassano lashed out at Multicoin Capital co-founder Kyle Samani for posting \u201cblatant misinformation.\u201d<\/p>\n
Samani had earlier replied to a comment from Bitwise CIO Matt Hougan, who\u00a0said,<\/a> \u201cEthereum is the best contrarian bet in crypto right now.\u201d<\/p>\n Samani, who has been on the Ethereum warpath, recently objected to this, claiming that it is a \u201c$300 billion asset without a roadmap or value accrual model.\u201d<\/p>\n Sassano pointed out that this statement was completely false, posting the widely shared Ethereum roadmap stating that Samani was \u201ccompletely incapable of telling the truth.\u201d<\/p>\n You literally just posted this tweet a few minutes ago \u2013 it\u2019s blatant misinformation as Ethereum very clearly does have a roadmap (as attached).<\/p>\n You are completely incapable of telling the truth, aren\u2019t you?https:\/\/t.co\/KN1Air0Rku<\/a> pic.twitter.com\/xpUX7V3lHM<\/a><\/p>\n \u2014 sassal.eth\/acc (@sassal0x) October 17, 2024<\/a><\/p>\n\n In an earlier post on X on Oct. 16, Sassano called out Samani and other venture capitalists<\/a>, citing reasons they could be bitter about the Ethereum ecosystem.<\/p>\n \u201cThe reason Kyle Samani and other VCs are \u2018bearish\u2019 on Ethereum and L2\u2019s is because they didn\u2019t get into the various funding rounds.\u201d<\/p>\n People should study this interaction & keep it top of mind whenever you see VCs fudding Ethereum<\/p>\n The reason Kyle Samani and other VCs are \u201cbearish\u201d on Ethereum & L2\u2019s is because they didn\u2019t get into the various funding rounds<\/p>\n That\u2019s why their Ethereum fud often makes 0 sense pic.twitter.com\/3Lmbvg4eJp<\/a><\/p>\n \u2014 sassal.eth\/acc (@sassal0x) October 15, 2024<\/a><\/p>\n\n Meanwhile, fellow Etherean Ryan Sean Adams also mocked the\u00a0FUD<\/a> relating to Ethereum fees and revenue generation, stating that layer-2 demand was still increasing, making it more accessible to users by lowering costs.<\/p>\n On no Ethereum fees are going down!<\/p>\n Ethereum is doomed!<\/p>\n But wait\u2026is that ETH-denominated TVL increasing\u2026almost as if ETH is being used as money inside a burgeoning L2 economy now that transaction fees are 99% lower?<\/p>\n Couldn\u2019t be.<\/p>\n Twitter told me ETH is dead. pic.twitter.com\/4B4xbX70Wy<\/a><\/p>\n \u2014 RYAN S\u039eAN ADAMS \u2013 rsa.eth (@RyanSAdams) October 16, 2024<\/a><\/p>\n\n Earlier this week, Layer2Roundup founder \u201cLiam\u201d said<\/a>, \u201cIs it just me, or is the quality of Ethereum FUD falling off a cliff,\u201d before adding:<\/p>\n \u201cIt is public knowledge that Ethereum houses more developers, more apps, and more users than any other ecosystem.\u201d<\/p>\n A lot of the Ethereum FUD stems from its ETH\u2019s lackluster performance this year. The asset has only made a paltry 14% since the beginning of 2024, while its big brother, Bitcoin, has surged 60% over the same period.<\/p>\n ETH hasn\u2019t moved much over the past 24 hours, trading at $2,636 at the time of writing. However, it has gained around 10% over the past week amid the broader market rally.<\/p>\n Ethereum remains down 46% from its all-time high, however, rival chain tokens such as Solana (SOL) are down a similar amount at 41%.<\/p>\n Cardano (ADA), which was once touted as an \u201cEthereum killer,\u201d is down 89%, Avalanche (AVAX) is down 81%, while Aptos (APT) is 49% away from its all-time high. All of them have been outperformed by ETH despite the FUD.<\/p>\n The exception is Sui (SUI), which hit an all-time high of $2.35 on Oct. 13. However, its popularity is primarily driven by meme coin degens, whereas Ethereum is being adopted as a monetary software layer by big banks and financial institutions.<\/p>\n Ethereum also remains the dominant chain for DeFi and DEX activity, as reported<\/a> by CryptoPotato<\/em> this week.<\/p>\n The post \u2018Quality of FUD Falling Off a Cliff:\u2019 Ethereum Community Fights Misinformation\u00a0\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum advocates are fighting back against a wave of misinformation and FUD targeting the ecosystem.\u00a0The attacks come as ETH has underperformed rival layer-1 blockchain tokens, sparking more crypto tribalism. On Oct. 17, independent Ethereum educator and angel investor Anthony Sassano lashed out at Multicoin Capital co-founder Kyle Samani for posting \u201cblatant misinformation.\u201d Ethereum FUD Escalates […]<\/p>\n","protected":false},"author":0,"featured_media":14442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14441"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14441"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/14442"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETH vs Rivals<\/h2>\n