Welcome to the ninth Alpha newsletter. We curate alpha for you. Thatโs it; thatโs the newsletter.
Two households, both alike in dignity,
In fair CT, where we lay our sceneFrom ancient grudge break to new mutiny,
Where civil blood makes civil hands unclean.
There was plenty of intense debate this weekend regarding Ethereum and Avalanche.
This Alpha update looks to provide a few opinions from both sides, as well as some useful resources regarding blockchain education and scaleability towards the end of the newsletter. Strap in.
3AC in the firing line
Alpha is aware of proceeding tweets which Zhu Su from 3AC responded to, but we want to focus on the technical debate. Itโs probably fair to say Zhu kicked off the wider discussion with a strong attack on Ethereum. ๐บ = support for Avalanche.



Cue the developer response to the VC.

Zhu Su ๐บ @zhusu
Yes I have abandoned Ethereum despite supporting it in the past. Yes Ethereum has abandoned its users despite supporting them in the past. The idea of sitting around jerking off watching the burn and concocting purity tests, while zero newcomers can afford the chain, is gross.


ู @lightclients
Zhu, you are very disconnected from what is actually happening at the protocol. There is no โFounders Dilemmaโ - only really smart people working on hard problems while trying to safely upgrade a $500 billion chain. https://t.co/9LdcWn5VqfThe founder of Uniswap has joined the chat.

Zhu Su ๐บ @zhusu
Yes I have abandoned Ethereum despite supporting it in the past. Yes Ethereum has abandoned its users despite supporting them in the past. The idea of sitting around jerking off watching the burn and concocting purity tests, while zero newcomers can afford the chain, is gross.The founder of dYdX, one of the most successful ETH L2 dapps, cautiously agreed that Zhu had a point.

Zhu Su ๐บ @zhusu
Yes I have abandoned Ethereum despite supporting it in the past. Yes Ethereum has abandoned its users despite supporting them in the past. The idea of sitting around jerking off watching the burn and concocting purity tests, while zero newcomers can afford the chain, is gross.In amongst all of the debate there is probably a lesson here.

Marc from AAVE had a different take.

Zhu Su ๐บ @zhusu
Yes I have abandoned Ethereum despite supporting it in the past. Yes Ethereum has abandoned its users despite supporting them in the past. The idea of sitting around jerking off watching the burn and concocting purity tests, while zero newcomers can afford the chain, is gross.



Zhu follows up
Zhu admitted the emotions may have affected his choice of words and looked to clarify his earlier statements.

Zhu Su ๐บ @zhusu
Yes I have abandoned Ethereum despite supporting it in the past. Yes Ethereum has abandoned its users despite supporting them in the past. The idea of sitting around jerking off watching the burn and concocting purity tests, while zero newcomers can afford the chain, is gross.Certain members of the ETH community werenโt too pleased with the โapologyโ.

Is Avalanche the answer?
Moving onto the topic of Avalanche, there is many who are of the opinion that Avax blocks will eventually run into the same problems that ETH is suffering from right now.


PhABC @PhABCD
Ethereum blocks will be full. Solana blocks will be full. Arbitrum blocks will be full. Optimism blocks will be full. Polygon blocks willl be full. Starknet blocks will be full. No project is even remotely close to have the throughput needed to serve the world.๐จ A NEW CHALLENGER HAS APPEARED ๐จ

PhABC @PhABCD
Avalanche blocks will be full as well Itโs really no secret that all chains will eventually be full if they get adopted and anyone telling you otherwise is lying. https://t.co/Z1jh0o4eWhAnd then the team lead of Ethereum joined the fight.

Avalancheโs co-founder was quick to show his respect, taking the diplomatic approach.

Kevin, who helped build Avalanche, showed how you can come to your own conclusions regarding the layer 1โs decentralisation.

Tim from the Ethereum team quote tweeted an earlier Zhu tweet, who showed his support for EIP 1559, having just arguably criticised it.

Zhu Su ๐บ @zhusu
ฮIP - 1559, ฮTH to 9551 $ETHItโs important to note the respect for Avalancheโs consensus layer, but Tim questions whether they have an answer to the state related problems Ethereum is suffering from.

Last take on the subject. High $ETH gas fees are net positive for everyone?

Worried about the ETH price amidst all of the FUD? Well, the ETH price action tends to respond well to record breaking FUD. Refer back to the price from December 2019.

Educate yourself
If you are looking for further education on the blockchain scalability. This is an essential thread from CLG.
Chris from A16z shows how demand always outpaces supply when it comes to important computing resources.
Meanwhile in Solana land:

And thatโs your alpha.
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