SlowMist founder: Crypto would be boring without Ethereum

If Bitcoin were to fail, the cryptocurrency industry would fail with it, but if Ethereum were to fail, the industry would simply become boring, according to a statement on X by Cos, the founder of blockchain security firm SlowMist. He argued that if Ethereum collapses, all public chains that run smart contracts would likely face a similar fate, leaving an "incredibly dull" industry with only Bitcoin. Cos added that if popular sectors like stablecoins and real-world assets (RWA) do not revolve around Ethereum, another mature public chain must be able to take its place. For this reason, he stressed that the industry must focus more on security, ensuring that users are not forced to leave the space out of disappointment over security vulnerabilities.