Charles Hoskinson, once a proud carpenter in Ethereum’s grand house and now the builder of Cardano’s sturdy home, sat back and looked long at the old place. He squinted at Ethereum’s foundations—protocols, accounting, consensus, even those curious virtual machines—and, well, he wasn’t convinced the house would stand a decade more.
In a laid-back chat with Altcoin Daily, Charles laid it out like a weathered farmer predicting a drought. “Ethereum might just dry up and drift away,” he said, casting his eye toward Bitcoin DeFi like a rival crop that might overshadow the old fields.
When asked what he would’ve done differently had he been steering Ethereum’s ship, Charles’s answer was a mix of blunt truth and dry humor:
https://www.youtube.com/watch?v=9xf-RcWQLDI[/embed>
“Protocols all twisted the wrong way, accounting like trying to count sheep in a thunderstorm, consensus that’s more shaky than Grandma’s old rocking chair, and don’t get me started on those virtual machines behaving like mischievous gremlins. Oh, and a governance system? Might as well be a ghost town,” he mused. “And the Layer-2s? Parasites at the feast, sucking the vitality dry.”
“Ten, maybe fifteen years tops. The Layer-2s will keep hogging all the goodies, folks will bicker like cats fighting over the last scrap, and before you know it, Vitalik’s good old willpower won’t hold the circus together. Users will wander off like lost cattle to greener pastures, and then Bitcoin’s shadow will swallow the whole lot.”
Charles chuckled when he called Ethereum a brilliant, if overly complicated, beast—sort of a MySpace or BlackBerry wrapped in blockchain armor, stumbling into obsolescence thanks to its own success and a tangled mess of patchwork fixes. A classic tale of too clever by half.
He and Vitalik Buterin once penned the Ethereum script together back in 2013, but they parted ways after a clash: Should their baby be a money-making machine, or a nonprofit idealist? Charles took his talents elsewhere, and the rest, as they say, is blockchain history.
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2025-04-24 13:47