The Centralization Of Ethereum

▶️ Watch on 3Speak


Weh ave some data in now that we have a few days of Ethereum operating as a PoS chain.

In this video is discuss how the block production is being dominated along with the coin breakdown in the wallets. None of this bodes well for Ethereum ever operating as a decentralized chain.

Here is the article discussed in the video:

https://beincrypto.com/80-of-ethereum-blocks-were-relayed-by-flashbots/


▶️ 3Speak



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Honestly, Ethereum has had a long historynof issues. This doesn't seem to solve any of them, and bodes negatively for true decentralization.

I agree with the thesis that Bitcoin is a superior product.

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Well Bitcoin has its limitations too, in that it is limited.

So we will see other blockchains step up. This is the opportunity before them.

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I have heard some of that about Ethereum and its migration to PoS. But honestly, what advantages will it bring us in the future?

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It won’t bring us advantages in my opinion however it brings advantages to governments. I am fairly certain that this is going to be the CBDC platform that it will be built on. Let’s hope this shit show fails and people see it for the farce that it is.

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In retrospect that was inevitable. PoS always suffer from inner contradictions. And for a coin PoS, it's too lucrative for the centralized players. Coinase will definitely enjoy it.

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I thought it would take longer for issues to appear but I do agree that the current centralization is not looking that great for ETH. Killing the mining rewards was just going to cause less block producers to be motivated and they won't be running things at a loss.

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Seeing ol Klaus take 100% of his salary in eth we can clearly see why this was transitioned to PoS. For control and eventual utility of eth to roll out the CBDC platforms they are foaming at the mouth thinking of controlling us with. I’m hopeful that we can get around it all, given how when the internet rallies behind something such as game stop stock, it has unintended consequences for the assholes trying to control us. I’m trying not to be so gloomy when it comes to this and crypto but seeing people cheer for PoS for eth for months, I had a really hard time getting them to see how terrible of an idea it was for decentralization and freedom.

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When you see something that is centralized claim it will become decentralized, that doesn't often happen.

Facts

But it is also the only way for it to happen.
Nothing has ever started out decentralized.

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Thank you this was very interesting and insightfull. I appreciated the part where you explain how the witnesses rotate, this is valuable base-layer information that any user can gain value from learning.

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