E124: Ethereum Founder reveals why ETH has FAILED (and his solution to it)

When Shift Happens Podcast

Gavin Wood, co-founder of Ethereum, reveals why he believes crypto has fundamentally failed its original mission.

The man who helped build the world's second-largest cryptocurrency doesn't hold back about what went wrong.

From Ethereum's controversial Layer 2 approach to the rise of meaningless meme coins, Gavin explains how the industry lost its way.

__________________________________

PARTNERS

🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/

💳 KAST is a global financial platform that enables users to manage and spend stablecoins and cryptocurrencies using a Visa Card or Apple Pay. Available in over 100 countries: https://kastfinance.app.link/SHIFT

🔓 Trezor is the safest cold storage wallets for crypto security and financial independence.Buy your Trezor Wallet (use PROMO Code from the video for a 10% discount): https://trezor.io/?transaction_id=1026f18ed46409e495c6db4bff90ab&offer_id=133&affiliate_id=35356

🌱 Bitwise Asset Management is the crypto specialist asset manager with more than $10 billion client assets and more than 30 crypto solutions across ETFs, index funds, alpha strategies, staking, and more.https://bitwiseinvestments.com/

💧Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible.https://sui.io/

🔘 Mantle Network enhances dApp development with Ethereum's security, low fees, and quick transactions through innovative layer-2 technology. Users can stake ETH for mETH, contributing to a transparent, community-driven ecosystem governed by $MNT token holders, fostering innovation and collaboration.https://www.mantle.xyz

★ Forza! is Coinsilium's Gibraltar-based Bitcoin treasury company. Coinsilium’s shares are traded on the Aquis Stock Exchange (AQUIS:COIN) and on the OTCQB in the US (OTCQB:CINGF). Find out more at https://www.coinsilium.com/

__________________________________

FOLLOW GAVIN WOOD

• Twitter: https://x.com/gavofyork

• Instagram: https://www.instagram.com/official.gavofyork

• LinkedIn: https://www.linkedin.com/in/gavin-wood-88843316/

• Website: https://gavwood.com/

__________________________________

DISCLAIMER

The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor.

Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.

#Entrepreneurship #Crypto #news

__________________________________

0:00 Introduction

1:32 Please Subscribe

1:59 Partnerships

2:40 Spending Crypto with Kast

6:26 Stablecoins Are Just Banks

7:26 Regulation Destroys Web3 Vision

11:20 Self Custody with Trezor

14:27 Self-Sovereignty or Societal Collapse

15:59 Why I Stopped Trusting Systems

18:46 Attaining Self-Sovereignty

24:33 Rethinking the Social Contract

27:27 Network States Need Territory

33:09 Can Networks Work Together?

39:28 Why Blockchain Governance Is Broken

45:41 DAOs Are Just Better Governments

53:10 Turning Greed Into Alignment

56:07 Polkadot’s Mixed Governance Results

58:25 Polkadot’s Transparency Problem

1:11:57 From CEO To Architect

1:13:21 Defining Good for Polkadot

1:14:56 Letting Go Of Control

1:23:53 Polkadot Without Gavin Wood

1:26:58 Bitcoin as Digital Gold

1:31:44 Bitcoin: Swiss Bank In Pocket

1:33:33 Does Best Tech Always Win?

1:49:51 Ethereum L2s vs Polkadot Parachains

2:04:34 Multi-Core Elastic Scaling

2:10:08 JAM vs. Ethereum Explained

2:20:51 Is JAM Good For Polkadot?

2:22:33 Ethereum’s Layer Two Mistake

2:24:48 The L2 Power Grab

2:26:25 Has Crypto Failed?

2:32:02 Rebuilding Crypto’s Core Ethos

2:36:51 The Mixed Blessing Of Wealth

2:45:35 Dealing With Injustice

2:52:10 Curiosity Fuels Joyful Living

2:53:27 Concluding Remarks