## Ordinals Co-founder Casey Rodamor Questions Ethereum’s Long-term Prospects
Casey Rodamor, co-founder of Ordinals, has expressed skepticism about Ethereum’s future viability. This sentiment arises amid increasing competition from other blockchain networks and a surge in Bitcoin’s market dominance. Recently, Ethereum has encountered challenges, with some developers migrating to faster and more cost-effective platforms, although it still holds the title of the largest decentralized finance (DeFi) blockchain.
## Critic Divides Crypto Watchers
Rodamor argues that Ethereum is at a crossroads, facing intensified competition from emerging networks and the growing demand for Bitcoin. As the original blockchain, Bitcoin is often viewed as more secure and prestigious than Ethereum. Rodamor’s comments have reignited discussions among industry experts, who hold varying opinions on the two leading networks. While Ethereum continues to dominate the DeFi space, networks like Solana and others are gaining traction by offering enhanced user functionalities. A segment of the market believes that Solana and newer chains could surpass Ethereum, particularly due to their speed advantages. Conversely, some argue that Ethereum maintains an edge in security.
The debate over decentralization has also taken center stage, with Jaun David Ramos emphasizing its critical importance. He remarked, “This was the likely outcome when the ‘decentralization is a spectrum’ argument emerged. The moment you move away from complete decentralization, you are at risk, because the next slightly less decentralized chain will likely offer better features and speed, and so on.”
While Rodamor draws comparisons between Solana and Ethereum, it’s important to note that Solana has its own challenges. The network has faced multiple outages, which have dampened enthusiasm for its potential to overtake Ethereum. Often referred to as the “ETH killer,” Solana’s vulnerabilities have hindered its price growth in recent months. Supporters of Solana have pointed to Ethereum’s congestion as a counterargument, which has led to the rise of layer 2 solutions that alleviate congestion and enhance speed on Ethereum.
## Bitcoin Is Better Money
Rodamor has also stated that Bitcoin is superior as a form of money compared to Ethereum and other networks. This perspective resonates with many users, especially in light of Bitcoin’s recent institutional successes. Advocates for Bitcoin argue that its institutional appeal sets it apart from Ethereum. Last year, spot Bitcoin ETFs attracted nearly $40 billion, while Ethereum-related products fell short of expectations. These developments have propelled Bitcoin’s price to new all-time highs, igniting a significant bull market. By Q4 2024, Bitcoin surpassed the $100,000 mark, paving the way for optimistic price projections. Currently, many traders are eyeing the $150,000 target for the peak of this bull cycle, closely monitoring the actions of institutional investors.
