• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, October 30, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Industry Leaders Clash on Ethereum’s Contribution to the Crypto Vision

20 May 2024
in Latest News, News
Reading Time: 4 mins read
104 4
Industry Leaders Clash on Ethereum’s Contribution to the Crypto Vision

source: bywire.news

Two industry figures have recently debated the role of Ethereum in achieving the “crypto vision” through a series of recent social media posts.

Ethereum researcher Dankrad Feist, renowned for his contributions to the concept of Danksharding, ignited a contentious discussion on the social platform X on May 19 by asserting that Ethereum is the embodiment of the crypto vision.

“Ethereum: Actually realizing the crypto vision. Yes, it looks messy, but that’s because Ethereum is building for the real world. But it’s solving ALL the necessary problems and not a tiny subset”,

he posted.

Feist’s statement prompted a rebuttal from Mert Mumtaz, CEO of Helius Labs, a Solana developer platform. Mumtaz contended that the crypto market comprehends the “necessary problems” more holistically than any single entity could.

this assumes you understand the set of all problems that are necessary better than anyone else

you don’t — only the market does

— mert | helius | hSOL (@0xMert_) May 19, 2024

However, Feist remained doubtful about the true extent of the market’s prioritization of decentralization.

“The market cannot tell you whether you are realizing the crypto vision as far as decentralization and censorship resistance are concerned. For example, banks today obviously have good PMF without being decentralized in any way.”

Mumtaz countered by pointing out that market dynamics are diverse, suggesting that it’s impossible to determine if the problems being addressed are correct. Mumtaz  implied that individuals valuing decentralization and censorship resistance would naturally lean towards Ethereum “if they believe it best embodies such a vision.” 

In response, Feist reiterated his belief that the market doesn’t place a high value on decentralization, asserting that he would never allow the market to be the ultimate judge. This final statement prompted Mert’s last response in the exchange.

The conversation follows the controversy around the Ethereum Foundation’s Justin Drake accepting a paid advisory position at EigenFoundation.

Drake, already a researcher at the Ethereum Foundation, is reportedly receiving a substantial EIGEN token incentive for his new role. This has raised concerns about potential conflicts of interest, as noted by one commentator.

RELATED: Justin Drake’s New Role with EigenFoundation Sparks Criticism Over Potential Conflicts

EigenLayer, an Ethereum restaking protocol associated with EigenFoundation, has also sparked controversy. Its recent “life-changing” airdrop announcement came with tokens that cannot be transferred or sold until a future, undisclosed date.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Tags: decentralizationEthereum
Share63Tweet39Share11
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

source: cryptorank.io
Bitcoin

Jiuzi Unveils $1B Bitcoin Treasury with SOLV for Institutional DeFi Expansion

30 October 2025
source: blockchainmagazine.net
Crypto

Tron Network Sees Record Transaction Surge as Retail Adoption Soars

30 October 2025
source:  ng.investing.com
Blockchain

Securitize Partners with BNY Mellon to Launch On-chain AAA-Rated CLO Fund

30 October 2025
source: metabora.io
Gaming

METABORA GAMES Launches Web3 RPG to Expand BORA Token Utility

30 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Can Confidential Lending Unlock Trillions for DeFi Markets?

2 days ago

Impact of Large Ethereum Validator Exits on ETH Price

2 days ago

Leading Asset Classes in the On-Chain Real-World Asset Tokenization Trend

2 days ago

KuCoin Pay Partners with Swapped Connect to Streamline Direct CEX Payments for Web3 Users

2 days ago

Are Ethereum-Based Treasuries Emerging as the Berkshire Hathaway of Crypto?

5 days ago

Is the Crypto Market Now Majorly Driven by Institutions?

5 days ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    NOWPayments Launches $0 USDT (TRC20) Network Fee Offer for New Partners

    bychainwire
    30 October 2025
    0

    Jiuzi Holdings Launches $1 Billion Bitcoin Treasury with SOLV to Drive Institutional Yields and RWA Innovation

    bychainwire
    30 October 2025
    0

    Hetu 3.0 – Deep Intelligence Money – Turning verified intelligence into liquid capital

    bychainwire
    30 October 2025
    0

    Bybit’s bbSOL Gains Institutional Custody Support from Anchorage Digital, Reinforcing Its Institutional-Grade Standing

    bychainwire
    30 October 2025
    0

    Whale.io Confirms First Airdrop for Crock Dentist NFT Holders

    bychainwire
    29 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00