David Rosenthal: uncertainty

Transcript context

…Yeah. I mean if they do have this huge lead but they threaded the needle the first time by creating Ethereum at all. The concept of a Turing complete globally distributed computer upon which other, not only applications, but platforms for applications could be built. That's a rabbit out of a hat. That's threading the needle. They need to do it again in order to make this shift to a scalable feature. Doing the research, for me, it seems like people like Fred Wilson. I’m just fed up with how slow it's moving. We've known that scalability is a problem for a long time. We still don't know what it's going to get fixed. There are risks despite all these benefits to Ethereum. Are you going to reach a certain point in the equilibrium where gas fees are too high and it’s too much of a pain for developers where they're like, fine, I'm out. I don't know. What do you think, Packy? I think that's certainly a possibility depending on how slow it moves. There are already some things like Audius Project which is a distributed music player which is built on both. It also settles on Ethereum.…

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