🚨 Former Ethereum dev fires shots:
"Crypto has a lot of indicators that are essentially scams."
🧵 Ex-Ethereum developer Max Resnick points out a core issue in the industry:
📉 Many on-chain "data indicators" right now,
are just a numerical game designed to keep the VCs throwing cash.
He uses Restaking as an example:
⚠️ The same ETH,
can be counted more than 10 times on the same chart.
This means—
many seemingly skyrocketing TVL, ecosystem scale, and growth data,
may actually hold way less value than the market thinks.
💬 Max Resnick states:
Every time you dig into the definitions of these indicators,
you'll find calculation errors,
or the use of completely meaningless stats.
🔥 He bluntly says:
"The industry must face the issues,
or it will just get worse."
It's worth noting👇
He previously left Consensys,
and joined Solana dev company Anza.
👀 The most dangerous thing in a bull market,
has never been the downturn,
but the "packaged data boom."
#ETH #Solana #Crypto #Web3 #TVL #Restaking #blockchain #币圈 $BTC $ETH
"Crypto has a lot of indicators that are essentially scams."
🧵 Ex-Ethereum developer Max Resnick points out a core issue in the industry:
📉 Many on-chain "data indicators" right now,
are just a numerical game designed to keep the VCs throwing cash.
He uses Restaking as an example:
⚠️ The same ETH,
can be counted more than 10 times on the same chart.
This means—
many seemingly skyrocketing TVL, ecosystem scale, and growth data,
may actually hold way less value than the market thinks.
💬 Max Resnick states:
Every time you dig into the definitions of these indicators,
you'll find calculation errors,
or the use of completely meaningless stats.
🔥 He bluntly says:
"The industry must face the issues,
or it will just get worse."
It's worth noting👇
He previously left Consensys,
and joined Solana dev company Anza.
👀 The most dangerous thing in a bull market,
has never been the downturn,
but the "packaged data boom."
#ETH #Solana #Crypto #Web3 #TVL #Restaking #blockchain #币圈 $BTC $ETH