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Ethereum Successfully Castrates Itself

Published on 16 Sep 2022 / In Money / Banking / Federal Reserve

Ethereum moves to POS (piece of shit)
Trader University
⁣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.
source: ⁣

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