Is This How Ethereum Dies?

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In this video, I discuss the increased centralization and insider control that is coming with Ethereum's move from proof of work to proof of stake.

Anyone with less than 32 ETH will need to stake their ETH at a crypto exchange or staking pool like Lido, or risk getting massively diluted by ETH inflation. But in doing so, they will be forced to give up self-custody of their ETH, as well as their voting power over the protocol, which will be increasingly concentrated at the staking pools and exchanges.

Lido itself is controlled by founders and insiders who gave themselves 64% of the governance token at launch.

Proof of stake basically recreates the current fiat financial system, where the rich get richer and have control over the system.

Not investment advice! Consult a financial advisor.

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

How Your Bitcoin Can Suddenly Disappear (Network Partition):
https://www.youtube.com/watch?v=c7hPe1OhjuU&ab_channel=TraderUniversity

Lido staking pool:
https://lido.fi/ethereum

ETH2 concentrations:
https://pro.nansen.ai/eth2-deposit-contract

Vitalik worried about staking pools:
https://twitter.com/VitalikButerin/status/1525301234516652032

Lido governance token initial allocation:
https://blog.lido.fi/introducing-ldo/

Can The Miners Take Over Bitcoin?
https://www.youtube.com/watch?v=aWhx9EZANwg&ab_channel=TraderUniversity

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

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