ETH Holders In Big Trouble (Gigantic Clusterplunk)

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.

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In this video, I discuss how Ethereum moving to Proof of Stake basically guarantees that it will become a government-captured coin, thus betraying the whole ethos of being a cryptocurrency.

After the Merge, Ethereum will be controlled by large, centralized validators who are regulated and thus under the control of OFAC and the US government. We have recently seen with Tornado Cash, how ready these validators are to bend the knee to government pressure.

If Coinbase refuses to censor transactions, it will lose its government license.

If Coinbase censors a transaction, Vitalik has vowed to slash their stake, thus hurting all retail investors who use Coinbase as their staking service.

The high capital requirements (32 ETH) and technical complexity needed to run a validator ensure that small holders of ETH will either not stake (and thus get diluted) or will stake with larger entities, thus leading to more and more centralization of staking power.

This is why Bitcoin uses Proof of Work. PoW is much less prone to government control and capture.

Not investment advice! Consult a financial advisor.

Tornado Cash Disaster (What Comes Next?)
https://www.youtube.com/watch?v=3iEafLAq4sQ&ab_channel=TraderUniversity

Will Coinbase censor transactions:
https://twitter.com/LefterisJP/status/1558944794658873344

Staked ETH will not be unlocked at Merge:
https://twitter.com/korpi87/status/1528704457432674305

Vitalik will burn Coinbase ETH if they censor:
https://timestabloid.com/vitalik-buterin-is-ready-to-burn-his-stake-via-social-consensus-if-coinbase-and-others-tolerate-censorship/

Coinbase ETH staking risks:
https://help.coinbase.com/en/coinbase/trading-and-funding/coinbase-earn/eth-2-0-staking
https://www.coinbase.com/legal/user_agreement/united_states#staking

Average US savings by age:
https://www.forbes.com/advisor/banking/savings/average-savings-by-age/

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
#merge
#proofofstake

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