Etherealize: Bitcoin’s prospects are worrying due to security budget issues, and it currently costs only $8 billion to launch a 51% attack

PANews reported on May 14 that Grant Hummer, co-founder of Etherealize, an Etherealize ecosystem marketing company, said that Bitcoin’s prospects are worrying due to its security budget issues. Currently, a 51% attack on Bitcoin is only $8 billion. If it is reduced to $2 billion (the security budget accounts for 0.1% of Bitcoin’s market value), the attack will almost certainly occur, and this will become clear in the next decade. In contrast, Ethereum is expected to become the default consensus point for Internet value storage with its true decentralization. Hummer also mentioned that after communicating with traditional financial executives, it was found that million-level TPS (trading volume per second) could not be achieved on a single global state machine, but it was completely feasible through Ethereum's neutral settlement layer and high-speed L2 network. He stressed that the stability and maturity of decentralized financial infrastructure far outweighs short-term performance improvements, especially in the wave of real-world assets (RWA) tokenization -85% of RWA and most stablecoins have chosen Ethereum. Regarding criticism of "Ethereum is trying to do too much", Hummer retorted that this is no different from questioning the diverse features of Windows or the Internet. He believes that Ethereum is becoming the cornerstone of the global financial system, and its security, decentralization and ecological diversity are key to attracting large-scale adoption by institutions.