Ray Youssef, CEO and co-founder of Paxful, announced the plan to eliminate Ethereum from software, and said that "the benefits are very good, but honesty and trustworthiness are better than everything"

The evaluation should be fromJeremy Garcia , CEO of Bitcoin education platform Satoshi's Journal, who denounced Ethereum's "poor design", which is inconsistent with the "first principle" of cryptocurrency.

Tom Littler, chief product officer of Lithium Ventures, understood the main standard as the requirement of "helping oneself distinguish wheat from rice husk". To put it simply, those standards include government procurement processes or new rules and regulations on the right to use, incentive mechanisms to encourage proactive social norms, and no middlemen.

Garcia further criticized the diversity of the project, saying that "ETH will not succeed" because of such diversity and the potential changes brought by the original aspects.

Bitcoin moves more

Altcoin was strongly criticized after FTX collapsed.

The bankruptcy application of FTX shows that a company is operating under the cooperation of an embarrassing enterprise and carries out deferred income tax through "overhead token"

As Michael Saylor, the current chairman of MicroStrategy, said, FTT token is a trick to obtain "real goods" with US dollars and Bitcoin. All along, it is counterfeiting a practical and more green BTC version number.

With corruption and abnormal transaction scale gradually exposed, don't forget to focus on the false statements of Sam Bankman Fried, the former CEO, and the recognition of cryptocurrency and the departments operating in this field has long faded.

Bitcoin holders emphasize that FTX and other people's scams have nothing to do with BTC. From today on, many people are using this opportunity to promote the development concept of Bitcoin.

Ethereum is on the line of fire

At the African Bitcoin Conference held from December 5 to 7, Youssef emphasized that Paxful's business operation model was very different from FTX. Youssef said that at this stage, the website offers Bitcoin, Ethereum, USDC and USDT transactions, and "there is no deception".

"(Paxful) There is no receptionist, no backstage, no margin transaction, no financial leverage, and no personal theft. This is also a real business between people."

When asked about Paxful's ETH turnover, Youssef revealed that the turnover was "very small", but it was mainly due to customer demand at the beginning. However, due to the recent development trend, the enterprise has "more obligations" to reduce ETH.

In addition, as Scott Lewis, co-founder of DeFi Pulse, said on Twitter, Uniswap may favor others according to the change of the regulation rules, and the confusion about the Ethereum practices has further improved.

Since then, this problem has been widely discussed. Lewis called it "the tough internal structure problem", which makes people not need to pronounce.