If you’ve noticed btc is crabbing and everything else is shitting its pants and ethereum is no exception. I’m not a fanatic of eth and I don’t hold it but it was the original smart contract system and theoretically it would deserve better ..originally.

I believe the main problem is that they shoot themselves in the foot with PoS because it’s explictly a plutocracy when the promise of decentralization is almost antithetical to plutocracy.

Theoretically PoW is also partly a plutocracy – you need money to build mining – but it’s not as direct so it’s less of an antisynergy to decentralization.

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