Castle Island Ventures Partner: L2 is too greedy, causing Ethereum to perform poorly
Internet reports that the ETH/BTC exchange rate has hit its lowest level in nearly five years, and some investors even call ETH a "completely dead" investment. Nic Carter, a partner at Castle Island Ventures, believes that "ETH died at its own hands" because L2 was too greedy, causing Ethereum trading activity, user growth and fees/revenue to decline. Ethereum can be regarded as a practical network, but it is "definitely not" an investment.
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