Su Zhu of 3 Arrows Capital is one of the largest cryptofunds in the cryptospace. In the beginning of the bull market he declared that Ethereum will be in a super cycle, implying that it will continue to pump during a bear market. However, his opinion might have changed. He blames the gas fees for this.
But I am skeptical of him also. He is speculated to tell everyone to buy when he is dumping and sell when he is pumping. He might only be criticizing Ethereum because he wants to pump his Solana and Avax investments.
Over the weekend, Three Arrows Capital co-founder Su Zhu sent a 46-word missive to his quarter-million Twitter followers explaining that he was leaving the original smart contract-enabled blockchain over rising transaction costs and falling network usability.
"Yes I have abandoned Ethereum despite supporting it in the past," he wrote. "Yes Ethereum has abandoned its users despite supporting them in the past. The idea of sitting around jerking off watching the burn and concocting purity tests, while zero newcomers can afford the chain, is gross."
He went on to decry a community in which people have to pay hundreds of dollars for transactions only to "get told some tales about how they should've been smart enough to buy ETH at $10."
Read in full https://decrypt.co/86640/war-ethereum-gas-fees-usability-continues
Topic: 3 Arrows Capital is dumping Ethereum? - page 2. (Read 279 times)
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