Ray Youssef, the former founder of Paxful, thinks Ethereum, the world’s largest smart contracting platform, is a “drain and drag” on Bitcoin.
Ethereum Slowing Down Bitcoin?
In his post on May 21, it is evident that the former CEO is critical of Ethereum and thinks it is a hindrance and obstacle to Bitcoin’s progress.
Breaking down his view, Youssef appears to suggest that Ethereum’s impact has been largely negative, delaying advancements in crypto.
Ethereum is simply a drain and drag on #bitcoin
We should be grateful that it slowed things down as we needed time to figure things out and get the pieces in play. We have been steady now it is time to blaze. #civkit will be what Eth should have been and I am Vitalik on roids. pic.twitter.com/CdbfB0UpaP— Ray Youssef (@raycivkit) May 20, 2023
However, he expressed gratitude for the recent slowdown following last year’s crypto winter. In his…
