As advertised a few months back I have created a new website for more of a Free Speech Atmosphere, I will no longer allow FE Theory at WT.Online but will at Truth In The World Dot Com, I will not allow FE here as per the last few months and doubt that I ever will, I Loathe it mainly because of all the infighting it brings and a certain tribe is laughing at us because of it, Meanwhile they are up to the usual tricks while we squabble over something with Zero Relevance, Danke
Ethereum Successfully Castrates Itself
Ethereum moves to POS (piece of shit)
In this video, I discuss how the Ethereum Merge moves the protocol from a more robust and neutral consensus mechanism (proof of work) to a consensus mechanism (proof of stake) that is much more prone to insider control, as well as government capture through large regulated validators.
Unlike proof of work, having more coins in a proof of stake system gives you more control over the protocol.
When you combine this reality with the fact of Ethereum's large pre-mine (70%), you end up with a crypto that can never be decentralized, neutral money.