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CoinDesk Podcast Network

Best of Consensus Hong Kong: Ethereum’s Path Forward With EtherFi CEO

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 15 April 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

The state of Ethereum and the latest insights with EtherFi CEO Mike Silagadze.

To get the show every day, follow the podcast here.

EtherFi CEO Mike Silagadze joins Consensus Hong Kong to discuss the state of Ethereum amid fierce competition and the long-term vision for the blockchain.

This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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This episode was hosted by Christine Lee and Benjamin Schiller.

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Transcript

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0:00.0

Mike, welcome to the show.

0:11.0

So let's dive into this a little bit.

0:15.0

I mean, there has been a lot of thoughts in the theory and community of the direction, of the leadership.

0:21.6

They've been upset that maybe it's been a little too, not competitive enough, not aggressive enough.

0:29.6

What are your thoughts on the situation right now?

0:32.6

Yeah, I think that's probably the right way to frame it, that there's a lot of concern in the Ethereum community about whether the Ethereum Foundation is doing enough with respect to advocacy and education and, you know, really talking and explaining what Ethereum is to the broader community.

0:51.9

I think if you ask the average investor outside of the crypto bubble,

0:58.0

just the normal person kind of who follows the market,

1:02.0

you ask them what the difference between Bitcoin and Ether is,

1:06.9

I think nine out of ten times they wouldn't know what the difference is.

1:11.6

They would probably tell you that they're both tokens, one is the biggest one, one is the second biggest, that's pretty much it.

1:18.6

There is a complete absence of understanding of knowledge that Ethereum is a productive asset,

1:24.6

that there is a whole universe of applications being built in DFI and other

1:29.4

areas on Ethereum. And I think it is the Ethereum Foundation's job to go out there and educate

1:34.6

people about this. And I frankly think they haven't been doing enough.

1:38.1

That's interesting because Vitalik Buderin, the creator of Ethereum, he came out and said, you know, I control the board of the

1:46.0

Ethereum Foundation and I like the leadership, so I'm not going to change it.

1:49.0

What do you think about that?

1:51.0

I don't know that he, I don't pretend to speak for him, but I don't know that he quite said that.

1:57.0

I think what he was frustrated with was that there were some people

2:02.1

in the broader Defi community, they were just throwing a lot of vitriol out there and asking

2:08.5

for leadership changes. And I think his exact words were like, look, you're making my job hard.

...

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