Ethereum: Capitalism or Socialism – Which is the Best Alternative for the Network?

The CEO of digital asset marketplace Wintermute, Yevgeny Gaevoi, believes that Ethereum leaders must choose between supporting a capitalist or socialist economic framework, arguing that they cannot pursue both.

In a post on X (Twitter), Gaevoi stated:

You are either building capitalism or planned socialism. Sorry, but you really can't have both.

Gaevoi opined that if Ethereum fails, it won't be because competitors like Solana are faster, but rather because “the elite“On Ethereum remains mired in considerable controversy.

Gaevoi criticized Buterin, Adams, and other members of the Ethereum community for trying to develop products that promote the public good while dealing with the maximum mined value (MEV), which is the highest value that can be derived from the order of transactions within a block.

"Vitalik, Hayden, and many others try to "solve the problem of capitalism" by insisting that what we create should only be respected "if the cause is worthy" (eg healthcare, open source software, art, etc.) n.) or that “the best developers in the space are driven by positive social changeGaevoi specified.

He argues that Blockchain technology inherently supports purely capitalist, incentive-based systems.

These comments follow Buterin's recent remarks about famous meme coins, where he them criticizes , that they do not provide substantial public value.