Justin Sun has proposed a radical leadership plan for Ethereum, aiming to drive its price to $10,000 within a week by halting ETH sales and implementing taxes on Layer 2 solutions. His strategy includes using DeFi methods to generate revenue and focusing on fee-burning mechanisms to enhance ETH’s deflationary appeal.Critics, including Cardano’s YODA, highlight Ethereum’s stagnation and lack of transparency, urging a shift towards Layer 1 scalability to compete with emerging platforms like Solana and Celestia. The ongoing exodus of projects from Ethereum underscores the urgency for reform and innovation within its ecosystem.
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0 posts last weekHoskinson Opposes Proposal to Burn 1.5 Billion ADA Treasury Tokens
Charles Hoskinson, founder of Cardano, opposes the proposal to burn 1.5 billion ADA treasury tokens, arguing it would equate to theft from Stake Pool Operators and ADA holders. The debate follows Cardano’s recent shift to decentralized governance, with mixed community reactions on the potential impact of such a burn on ADA’s value. Some, like decentralized representative Jaromír Tesař, advocate for using the funds to enhance Cardano’s development instead.
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