Hodler on Nostr: You're missing that ETH is a shitcoin. It's not decentralised, which defeats the ...
You're missing that ETH is a shitcoin. It's not decentralised, which defeats the entire purpose of a using a blockchain. Why it's not decentralised?
-There is a founder (can be pressured, corrupted or blackmailed)
-There is a foundation (can be pressured, corrupted or blackmailed)
-There was a pre-mine
-It overruled consensus rules with a hardfork to serve the elites (ETH / ETC split)
-It moved to Proof of Stake, which is basically fiat (elites print money without delivering work) and leads to centralisation over time by making the rich richer.
#Ethereum made the critical mistake by implementing complicated features on the base layer. This means that it fundamentally can't scale and thus will trade off decentralisation every time that it need to scale.
#Bitcoin is a monetary revolution that will deliver a renaissance 2.0 by separating money and state. Ethereum is fiat shitcoin that's driven by the lie that it's 'just like Bitcoin, but for different use cases'.
*This is not a short time price prediction. If liquidity comes back in (expected very soon), hype and dumb money will come back and ETH might pump harder in the short term. However, long term it WILL fail.
-There is a founder (can be pressured, corrupted or blackmailed)
-There is a foundation (can be pressured, corrupted or blackmailed)
-There was a pre-mine
-It overruled consensus rules with a hardfork to serve the elites (ETH / ETC split)
-It moved to Proof of Stake, which is basically fiat (elites print money without delivering work) and leads to centralisation over time by making the rich richer.
#Ethereum made the critical mistake by implementing complicated features on the base layer. This means that it fundamentally can't scale and thus will trade off decentralisation every time that it need to scale.
#Bitcoin is a monetary revolution that will deliver a renaissance 2.0 by separating money and state. Ethereum is fiat shitcoin that's driven by the lie that it's 'just like Bitcoin, but for different use cases'.
*This is not a short time price prediction. If liquidity comes back in (expected very soon), hype and dumb money will come back and ETH might pump harder in the short term. However, long term it WILL fail.