20% would be high. zk rollups and sidechains will scale eth and that's all she wrote. solana cannot flip eth before that happens or become as decentralized as eth.
Date: September 14th, 2021 2:40 PM Author: Drunken gaming laptop
sidechains are terrible and split liquidity and add complexity. if sidechains add 1000x to ethereum's speed, the same tech will likely be added to solana (and faster) to 10000x its speed.
but, more importantly, crypto is not really about technology nor is it about decentralization. those are merely the means by which a crypto organizes and motivates a community of believers/participants. solana has already gathered the backing of the most powerful, innovative and driven financial entities in crypto and now tradfi. ethereum is screwed unless they massively step up their rate of innovation.
sidechains are terrible and split liquidity and add complexity. if sidechains add 1000x to ethereum's speed, the same tech will likely be added to solana (and faster) to 10000x its speed.
but, more importantly, crypto is not really about technology nor is it about decentralization. those are merely the means by which a crypto organizes and motivates a community of believers/participants. solana has already gathered the backing of the most powerful, innovative and driven financial entities in crypto and now tradfi. ethereum is screwed unless they massively step up their rate of innovation.
The assumption here is that it will flip ETH at ETH's current price, but it seems more likely that institutions will drop ETH and move to Solana, meaning it may very well flip ETH but probably not at the current market cap (at least in the short term).