Ethereum Waking Up To Reality (Oopsies)

𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I discuss how the move to proof of stake is centralizing block production in Ethereum among just a few large regulated validators.

The Ethereum community seems shocked and upset about this, but there is nothing that they can do now that the merge has happened.

I also discuss the key differences between Bitcoin mining pools and ETH staking pools. When you stake ETH in a staking pool, you give up custody and ultimate control. This is not true for Bitcoin mining pools, because individual miners can leave quickly whenever they want, and there is no custody issue.

Even if you are staking your own ETH and not using a staking pool, you are at the mercy of ETH developers to write the withdrawal code, which they seem to be in no rush to do.

Ethereum holders have a big dilemma to face:

If you don't stake your ETH, your share of the overall pie gets constantly diluted compared to those who do stake.

If you do stake, you give up custody of your ETH either to an exchange like Coinbase, a pool like Lido, or you have to leave your private keys online (like a hot wallet) which opens you up to the risk of having your ETH stolen.

Finally, we just learned this morning that the SEC considers Ethereum to be under US jurisdiction due to the concentration of nodes in the US.

Ethereum is in trouble because it was not built to withstand an adversarial environment-- quite unlike Bitcoin.

Not investment advice! Consult a financial advisor.

Ethereum Is Banker Coin:
https://www.youtube.com/watch?v=YDmwyyhpqTE&ab_channel=TraderUniversity

Ethereum's Biggest Betrayal (CBDCs):
https://www.youtube.com/watch?v=lFgwRCl4ghs&ab_channel=TraderUniversity

Will Coinbase Censor Ethereum?
https://www.youtube.com/watch?v=944eewSIxyI&ab_channel=TraderUniversity

Out of the last 1000 blocks, 420 have been built by just Lido and Coinbase:
https://twitter.com/koeppelmann/status/1570436882483523585

The Top 7 entities have created 67% of blocks in ETH 2.0 so far:
https://twitter.com/HodlMagoo/status/1570486024702414850
https://twitter.com/MessariCrypto/status/1571861712135139328

Udi trying to muddy the waters:
https://twitter.com/udiWertheimer/status/1570588059686797312

Big brain BTC vs. small brain ETH:
https://twitter.com/orweinberger/status/1571198616806506498/photo/1

Still cannot unstake ETH?
https://twitter.com/orweinberger/status/1570887581549875200

Staking ADA:
https://twitter.com/GachiPool/status/1570965011987853312

Cardano has a large pre-mine:
https://pbs.twimg.com/media/E1l8L2dXMAExklv.jpg:large

Cardano: Social Credit Scores For Kids
https://www.youtube.com/watch?v=1STIeWSv0CE&ab_channel=TraderUniversity

More on Charles Hoskinson's ethics:
https://books.google.com/books?id=QEb8DwAAQBAJ&pg=PA166&lpg=PA166&dq=%22charles+hoskinson+would+prove+to+be+much+more+problematic+for+the+group%2C+however%22&source=bl&ots=eeSvgPJlU7&sig=ACfU3U3Rfaes_CvHDyKIDZYef2Zda2N2IA&hl=en&sa=X&ved=2ahUKEwiM-tKR3YH0AhWBK80KHWRLBMsQ6AF6BAgCEAM#v=onepage&q&f=false

SEC Claims All of Ethereum Falls Under US Jurisdiction:
https://decrypt.co/110107/sec-ethereum-us-jurisdiction
https://twitter.com/functi0nZer0/status/1571873660314476548

Geographical concentration of ETH nodes:
https://etherscan.io/nodetracker

Geographical concentration of BTC nodes:
https://bitnodes.io/

Ethereum’s Infura-iating Outage Revives Decentralization Concerns:
https://coinmarketcap.com/alexandria/article/ethereums-infura-iating-outage-revives-decentralization-concerns

Ethereum infrastructure provider Infura is down, crypto exchanges begin to disable ETH withdrawals:
https://www.theblock.co/post/84232/ethereum-infrastructure-provider-infura-is-down

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#ethereum
#bitcoin
#crypto

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