"Sun's Vision: Halting ETH Sales, Taxing Layer-2, Boosting ETH to $10K"

Justin Sun, the founder of TRON, recently sparked a heated debate in the crypto community by presenting a vision for Ethereum's future. Sun's ambitious four-point plan aims to address several challenges facing the Ethereum Foundation, which recently sold 4,666 ETH to cover operational costs.

Sun's proposals include halting ETH sales for at least three years to preserve supply and boost market trust. During this period, he suggests leveraging DeFi protocols like AAVE for loans and maximizing staking yields to cover operational costs. Additionally, Sun proposes imposing substantial taxes on all Layer-2 projects built on Ethereum, with the goal of generating at least $5 billion in annual tax revenue. These tax revenues would be used to buy back ETH and completely decentralize its burning process.

Sun also called for a drastic reduction in the Ethereum Foundation's staff, retaining only the most capable team members. He envisions transforming the EF into a purely performance-based system that rewards results and efficiency. Finally, he emphasized the need to focus more on fee-burning mechanisms while reducing node rewards to reinforce Ethereum's deflationary nature and solidify its role as a reliable store of value.

Sun predicts that with these decisive measures, ETH could surpass $4,500 within the first week of implementation and eventually reach $10,000. However, his proposals have sparked controversy, with some arguing that taxing Layer-2 solutions might stifle innovation and drive developers toward competing platforms. Others express concerns about centralizing decision-making power and discouraging validators from supporting the network.

While Sun's ideas may not align with Ethereum's current direction or priorities, they raise important questions about scalability, governance, and value creation in an increasingly competitive crypto landscape. His bold proposals shed light on three central issues: a deflationary token economy to position ETH as a store of value, balancing efficiency and decentralization by streamlining the Ethereum Foundation's operations, and prioritizing Layer-1 scalability over Layer-2 solutions.

Meanwhile, a project called PlutoChain ($PLUTO) aims to address Bitcoin's limitations, such as slow transactions, high fees, and network congestion. This hybrid Layer-2 project could improve speed, lower costs, and expand Bitcoin's capabilities without altering its core principles. By providing block times of just 2 seconds on its blockchain, PlutoChain matches the speeds of