Ethereum

Solana

Litecoin

Polygon

Spectra

Solana co-founder Anatoly Yakovenko&nbsp;called the Ethereum blockchain a “digital carnival” with a bourgeois upheaval. 
Yakovenko <a href="https://twitter.com/aeyakovenko/status/1708512030184132777" target="_blank" rel="noopener noreferrer nofollow">believes</a> that Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) is not a system that will ensure true decentralization. In a response to an X user, he wrote: 
<blockquote class="wp-block-quote"> 
 “In the grand theatre of economic transformation, Ethereum presents itself not as a harbinger of genuine revolution, but merely as a novel spectacle of bourgeois upheaval. As the petite bourgeoisie revel in this digital carnival, the visage of oppression subtly transforms, yet its essence remains inviolate, forever pressing upon the countenance of the toiling masses with a boot, albeit of a different style, yet no less ruthless and unrelenting.” <cite>Anatoly Yakovenko, Solana co-founder</cite> 
</blockquote> 
This represents a “boot” that presses on the face of the “working masses,” Yakovenko emphasized. In his opinion, utopia looks like a “stateless dominion” with decentralized networks of seamless communication and transactions. 
 You might also like: <a href="https://crypto.news/analysts-ethereum-and-litecoin-can-rally-if-they-break-these-levels/" rel="noopener noreferrer nofollow"> Analysts: Ethereum and Litecoin can rally if they break these levels </a> 
<blockquote class="wp-block-quote"> 
 “Only when the means of digital creation become accessible and cheap, akin to the very air we breathe, shall the dawn of a truly decentralized and stateless digital realm be upon us, casting away the shadows of bourgeois digital tyranny that Ethereum so subtly embodies.” <cite>Anatoly Yakovenko, Solana co-founder</cite> 
</blockquote> 
In Yakovenko’s commentary, they recalled that Solana (SOL) is also far from a mass user. Allegedly, it is possible to launch a network node only with large resources. However, Yakovenko did not confirm this statement. 
Yakovenko&nbsp;previously <a href="https://crypto.news/solanas-boss-urges-u-s-to-embrace-crypto-to-stop-brain-drain/" rel="noopener noreferrer nofollow">pointed out</a> the problems faced by budding entrepreneurs in the blockchain field. Unlike traditional startups, he said,&nbsp;blockchain firms invest a lot of time, energy, and financial resources into structuring their businesses to meet regulatory requirements. 
 You might also like: <a href="https://crypto.news/vc-spectra-investors-bullish-in-q4-2023-as-ethereum-polygon-decline/" rel="noopener noreferrer nofollow"> VC Spectra investors bullish in Q4 2023 as Ethereum, Polygon decline </a>

Solana co-founder Yakovenko: ‘Ethereum embodies bourgeois digital tyranny’

crypto.news

Other articles published on Oct 3, 2023

Binance.US and Changpeng Zhao Face Class-Action Lawsuit Over FTX Collapse

Bitcoin analysts still predict a BTC price crash to $20K

AI-Driven Predictions and Shiba Budz: The Future of Cryptocurrency Investments

Today in Crypto: Kazakh Mining Firms Stop Machines and Ask the President to Cut Energy Prices, Ch...

Paystand Scores Top Spot as Best B2B Payment Platform by Juniper Research

Exploring the Potential of AI in the Public Sector: Insights from Ada Lovelace Institute

Join our free newsletter for daily crypto updates!