TechFlow news — On January 22, Kyle Samani, co-founder of Multicoin Capital, shared that he entered the crypto space in 2016 through Ethereum, drawn by its vision of permissionless finance and smart contracts. In 2017, Ethereum's market cap surged 100x within a year, setting a record for the fastest project to reach a $100 billion valuation.
However, at Devcon 3 in November 2017, Vitalik’s keynote speech did not mention any scaling solutions, which greatly disappointed Samani. He pointed out that the Ethereum Foundation’s (EF) passive attitude and lack of urgency regarding scaling caused him to lose confidence in Ethereum. He believes that seven years later, EF still suffers from leadership being disconnected from user needs and lacking a clear strategic direction.
