The Future Of Ethereum
What is the future of Ethereum after the switch to PoS.?
In this video I lay out what I think will occur with this blockchain. The fact we are hearing a lot of complaints of centralization shoud come as no surprise. Now we have to look towards the future and see how things will change going forward.
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The centralization of any asset can never truly lead to anything that belongs to the people. Regulations and control by large entities will definitely hamper the entire crypto space. Just an opinion.
Keep up the good work.
I wouldn't be surprised if Wallstreet bought out ETH and it was something I expected a long time ago. After all, the high fees are big for us but not for an entity like Goldman.
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because of turning eth pos lot are selling graphic card and other miner and its will increase inflation as everyone can stake now
To me, I’ve been saying that Eth going PoS is a huge mistake on the side of control. Reading about the ripple lawsuit and how Eth was being promoted and owned by government entities and they could prove it, I knew from then on that Eth was an absolute control coin and will be the intent of Eth in the future. Once Eth went PoS and ol’ Klaus said he would take his full salary in Eth, that was the final nail in the coffin in my opinion of the true intention behind Eth. It’s a control network and will be where they test it all out in my opinion. I’ve still got Eth and will hold it for a while but I dislike the long term notion behind the move to PoS.
I know people will claim the gas improvements and other things but I think that’s small potatoes compared to the real reason they want PoS.
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Ethereum took the next step of evolvement with The Merge and I think this step opened new scalability improvements and other use cases. I believe it can go anywhere from here, either after big money or spread across millions of wallets all over the earth. But nevertheless, we have the premise for sustainable growth.
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Summary:
In this video, the speaker delves into the future of Ethereum following its recent shift from proof of work to proof of stake. He discusses the centralization of Ethereum, raising concerns about coin voting and potential control by entities like Wall Street. The speaker speculates on how Ethereum may evolve, suggesting that it could become controlled by financial institutions and cater more towards DeFi applications. He also contemplates the impact of government regulations and the direction in which Ethereum may be headed, particularly in comparison to other blockchain platforms.
Detailed Article:
The video begins with the speaker addressing a conversation with someone named Dan about the future of Ethereum. The recent transition of Ethereum from proof of work to proof of stake through the merge upgrade is highlighted as a significant development in the cryptocurrency's evolution. The speaker expresses concerns about Ethereum's centralization, particularly due to token distribution and the dominance of key stakeholders like Vitalik Buterin and Joe Lubin. This transition to a proof of stake model introduces a concept of coin voting, leading to potential control over block production based on the amount of stake held.
The speaker outlines the risks associated with Ethereum's centralization, including susceptibility to government influence and potential control by Wall Street entities. He elaborates on how major financial institutions could leverage their resources to manipulate block production through coin voting. The speaker discusses the possibility of Wall Street taking over Ethereum and the implications this could have on the cryptocurrency's future direction.
Furthermore, the speaker speculates on Ethereum's role in the financial sector, suggesting that it may become a platform primarily focused on banking and DeFi applications. He questions whether Ethereum will continue to be utilized by the masses or if alternative blockchain platforms like Polygon, Binance Smart Chain (BSC), Cardano, Hive, or EOS will attract developers and users seeking different applications. The potential scenario of Ethereum being controlled by Wall Street entities for financial activities is explored, highlighting the shift away from broader applications like gaming and social media.
Additionally, the speaker touches upon the importance of regulatory clarity for Ethereum's future, emphasizing that banks may navigate regulations to suit their objectives. The potential impact of government regulations on Ethereum's trajectory is considered, with a focus on how Wall Street may interact with different blockchain platforms based on their specific needs and interests.
In conclusion, the speaker acknowledges the uncertainty surrounding Ethereum's future, emphasizing the complex interplay of factors such as centralization, financial influence, and regulatory dynamics. The evolving landscape of cryptocurrency and blockchain technology, particularly in relation to Ethereum's development and potential control by major institutions, is analyzed to provide insights into the possible trajectories for the popular cryptocurrency.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.