Quote from: WatChe on April 16, 2025, 05:53:59 AM

Quote from: Kavelj22 on April 14, 2025, 04:19:14 PM

In many of my previous posts about Ethereum, I’ve highlighted centralization as its core problem. Mr. Vitalik still believes in his ability to lead the project much like Mr. Musk, but he may have overlooked just how competitive this market has become.

My faith in decentralization of Ethereum was lost when they switched from PoW to PoS. If they have the ability to change underlying consensus algorithm, they can change anything in future too. Just my few satoshis.

When the Ethereum team planned to migrate from POW to POS, several factors were missing from the market today. The most important of these was the increased competition following the emergence of multiple networks, some of which were launched as smart contracts on Ethereum itself. The increased competition following the expansion of the crypto market over the past few years has prompted users to consider alternatives, especially after problems began to surface with Ethereum.

My faith in the viability of Ethereum has waned significantly after its failure over the years to find a solution to centralized decision-making. Vitalik, Ethereum's founder, is harming the network more than he is helping it by maintaining centralized decision-making.