Are there any smart people in ethereum at all or only grifters and gamblers parroting memes?
In one move, US government has shown that they OWN (centralized) Defi sham.
They have infura, stablecoins, all the dapps (everything centralized).
Only thing they don't have right now is consensus BECAUSE of proof of work.
After proof of stake (CEXes, Lido, VC + node operators) they will OWN literally everything.
POS is a disaster. But I guess if the plan was complete centralization all along, ethereum foundation is happy.
submitted by /u/KAX1107
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