Is Ethereum headed for failure?!

The article Vitalik published on his platform, is an interesting read. But let’s not panic, he always brings a share of humor to his predictions.

Vitalik believes that Ethereum’s success will depend on three technological “transitions” that, should happen simultaneously:

1️⃣ Transition to L2 scaling
2️⃣ Transition to wallet security
3️⃣ Transition to privacy

Ethereum fails:
Without the first one, because the transaction costs crazy money.
Without the second, because users aren’t comfortable keeping their funds and everyone is switching to CEX.
Without the third, because public access to all transactions for everyone is too much of a privacy sacrifice.

Achieving all goals would be “challenging” because of the close connection between them. Because each transition weakens the “one user, one address” model.

Privacy requires each user to have even more addresses. If Vitalik manages to implement “hidden addresses” it will be a new step into the world of decentralization and anonymity.

What’s the bottom line?
The narrative of L2 solutions is popping up more and more in the words of cryptans. So the idea of abooting retrodrops, in anticipation of gifs, sounds good.