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.
Hodler /
npub1ag…uqnqa
2024-09-14 02:50:06
in reply to nevent1q…2y40
Author Public Key
npub1ag0x76phg8k8xva52sl7k6g9qe50d4nlqhcnj28zy6maxj07qqzsvuqnqaPublished at
2024-09-14 02:50:06Event JSON
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"content": "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?\n\n-There is a founder (can be pressured, corrupted or blackmailed)\n-There is a foundation (can be pressured, corrupted or blackmailed)\n-There was a pre-mine \n-It overruled consensus rules with a hardfork to serve the elites (ETH / ETC split)\n-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.\n\n#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. \n\n#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'.\n\n*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. \n\n",
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