Why is Ethereum performing like garbage?

[Matade]

hmm, so banks can use post-quantum algorithms but bitcoin and crypto can't?

Yes. You got it completely correct.

if one day quantum computing threatens currently used encryption it will represent a global scale issue (as human race currently depends on the internet and encryption) that will be solved on time - the bigger problem is all the captured encrypted data from the past that might be readable all of the sudden

WRONG! It won't be nearly as big of a "human issue" with centralized entities that can transfer to safe protocols quicker and also ensure more KYC and human checks. It will ABSOLUTELY destroy decentralized blockchains.

This is NOT priced in.

 

[Houdini]

Ethereum is so cooked man, is it ever going to go up?! Perpetually stuck in a soy boy downward spiral

I know it's looked dead before, then DeFi season came and it blew up and defeated all the FUD. But $1800 as I write this, when will it be $4k again? Swap fee is like 30 cents now lol.

Why do you think it's doing so badly? Soy Boy Foundation?

It’s been like that ever since the last reset about six months ago, or whenever it was. It had just hit $4,500, and since then, it hasn’t really gone much above $2,500.

 

[0xDEADBEEF]

A real breakthrough is needed first, so @Matade's points hold, since mass migration could cause more issues than it solves. If this BIP draft is the best they’ve got, the FUD is justified:

https://github.com/chucrut/bips/blob/master/bip-xxxxx.md

    Node and Miner Upgrades:
    All nodes and miners must upgrade their software to enforce the new rules after T_deadline.
 
    User Notifications:
    Wallet providers, block explorers, and other infrastructure must display clear warnings. For example, a wallet might show a banner reading: “Warning: Funds in legacy addresses will be unspendable after block 700,000. Please migrate your funds to a quantum-resistant address.”
 
    Emergency Migration Mechanisms:
    Consider providing a mechanism (such as an incentivized migration bonus or automated migration tool) during the migration period to assist less technically inclined users.

 

[Costas]

Ethereum isn’t scalable. During network spikes, transaction fees get ridiculously high, so people just switch to other networks. It’s that simple.

 

[suzy]

It's a shame they don't develop in the right direction!