# End of the Ethereum Killer Narrative; The Future of Onchain Businesses

- Channel: [ETHTokyo](https://streameth.org/ethtokyo)
- Date: 2024-09-03
- Duration: 30:03
- Topics: blockchain, ethereum, bitcoin, decentralization, developers, southeast asia
- Watch: https://streameth.org/watch/66d66fd335d51347e09f3691

## Description

This talk will discuss how advancements in scalability solutions are empowering Ethereum to accommodate a vast network of transactions and interactions, fostering seamless operations for onchain businesses of all scales. The video features Melissa Kurtcan, founder and CEO of Satoshi21 Venture Studio, discussing insights from the Chain Reaction Incubator in Southeast Asia and her six years of experience in the cryptocurrency industry. She aims to address the fundamental principles and ideologies of blockchain technology, especially in light of the recent FTX incident. Melissa questions the validity of the "Ethereum killer" narrative, suggesting it might be more marketing hype than reality.

She emphasizes that blockchain is ideologically different from other technologies because it solves technical problems with an ideological approach. The talk will cover Bitcoin's value proposition as decentralized digital scarcity and Ethereum's evolution towards programmable decentralization. Melissa critiques the blockchain trilemma (decentralization, security, scalability) and suggests a multi-chain ecosystem for achieving these goals alongside privacy.

She outlines that to challenge an existing layer one blockchain like Ethereum, a new platform must offer a paradigm shift and execute perfectly to gain market penetration. The summary is that technical superiority alone won't lead to mass adoption without underlying ideology, and she argues against narratives that claim established blockchains like Ethereum are outdated.