Ethereum Co-founder Joseph Lubin Shares In-depth Article "Why Ethereum?"
Joseph Lubin retweeted an article emphasizing Ethereum's sovereignty (credible neutrality + censorship resistance + privacy + security) as its core advantage. Vitalik pointed out the failure of consortium chain models, inheriting both centralized and decentralized drawbacks.
Bitcoin pioneered the sovereign computing platform, while Ethereum achieved widespread token distribution through early crowdsales and GPU mining, currently dominating DeFi loans (79%), stablecoins (62%), tokenized funds (73%), and commodities (84%).
Erik Voorhees chose Base to build Venice.ai also due to the higher authenticity of the Ethereum ecosystem.
Source: Public Information
ABAB AI Insight
Joseph Lubin, as a co-founder of Ethereum, continues to advocate for Ethereum's sovereignty and neutrality, similar to Vitalik's repeated criticisms of consortium chains.
In terms of capital pathways, the sovereign attributes attract concentration in DeFi and tokenized assets, with resources shifting towards Ethereum Layer 1 and L2 ecosystems to maintain network effects.
Similar to Bitcoin's sovereign narrative, Ethereum is in a phase of accelerated institutional and application adoption.
Essentially, this represents capital concentration: sovereign and path-dependent advantages drive funds towards the Ethereum network, strengthening its pricing power as a global settlement layer and DeFi infrastructure.
ABAB News · Law of Cognition
Sovereignty over consortium control: Ethereum's neutrality avoids centralization traps.
Path dependence as an irreplicable barrier: early distribution lays the foundation for PoS network security.
DeFi stablecoin dominance indicates network effects: 79% loan share solidifies the ecological moat.