Ethereum's Boomer Era? Apostates, EF Drama, and Solana Fights Back - The Chopping Block

Watch on YouTube ↗  |  May 28, 2026 at 16:00  |  1:05:13  |  Unchained (Chopping Block)
Speakers
David Hoffman — Co-Owner & Co-Host, Bankless
Max Resnick — Lead Economist at Anza
Haseeb Qureshi — Managing Partner, Dragonfly

Summary

Ethereum's existential crisis is dissected by ex-Bankless co-founder David Hoffman and Anza economist Max Resnick. Hoffman explains why he sold all his ETH, citing value capture and leadership issues. Resnick contrasts Solana as a more scalable, quantum-ready contender. The panel debates Ethereum's 'Microsoft' future, talent drain, and whether institutional adoption will save it.

  • David Hoffman reveals he sold all his ETH due to lack of rerating catalysts and better opportunities elsewhere.
  • Max Resnick argues Solana is better positioned than Ethereum for the global financial system on-chain.
  • Ethereum Foundation's leadership changes and talent exodus are highlighted as signs of ossification.
  • The 'Ethereum is Microsoft' analogy is discussed—slow, enterprise-friendly, but deeply entrenched.
  • Solana's post-quantum roadmap is claimed to have negligible performance impact.
  • Regulatory clarity is seen as bullish for decentralized blockchains like Ethereum and Solana.
  • The panel debates whether Ethereum can still attract new talent and developers.
  • Airdrops and on-chain metrics are criticized as largely fake or misleading.
Trade Ideas
David Hoffman Co-Owner & Co-Host, Bankless 4:13
ETH lacks rerating catalyst.
David sold all his ETH because he believes ETH lacks momentum for a rerating, faces structural value capture issues from L2 margins and the fat app thesis, and lacks executional leadership at the Ethereum Foundation. He sees better opportunity costs elsewhere and expects ETH to stagnate or underperform relative to other assets.
ETH MED
Max Resnick Lead Economist at Anza 57:06
Solana positioned for mainstream adoption.
Max is bullish on Solana, arguing it is one of two viable public blockchains (alongside Ethereum) for the global financial system to move on-chain. He believes Solana has sufficient scale, a strong developer ecosystem, and a better post-quantum roadmap that will have minimal performance impact. He expects Solana to capture significant adoption as the regulatory environment favors decentralized networks.
SOL MED
Up Next
3:59
Apple Is Overhauling Siri to Bring AI to the Masses
Bloomberg Markets · May 28
2:05
Waymo begins public rides in Ojai as it shifts to lower-cost robotaxis
CNBC · May 28
15:58
Why Crypto Is About to Get a Big Leg Up on Banks: DEX in the City
Unchained (Chopping Block) · May 28
0:53
Nvidia CEO Hosts Dinner for Partners in Taiwan
Bloomberg Markets · May 28
1:50:30
MacroVoices #534 Dr. Pippa Malmgren: Superpower War or Superpower Hug?
Macro Voices · May 28

This Unchained (Chopping Block) video, published May 28, 2026, features David Hoffman, Max Resnick discussing ETH, SOL. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: David Hoffman, Max Resnick  · Tickers: ETH, SOL