Yeah, this video does fit how I see ethereum as well. I always thought that the powers that be would attack this undermining of their power and bitcoin in particular. And I've been watching for the standard modus operandi, from Microsofts embrace, extend, extinguish up till the KGB/FSB tricks of compromising key players.
Ethereum up till now fits all the characteristics of how I would see such an attack play out. And the sad thing is that most people seem to swarm towards the project in jubilant glee while known monopolists and powers that despise freedom support the project in plain view. Most see it as good news. At the exact same time, people seen as key players in the crypto scene are now being personally attacked and accussed of all the bad things that the accusers are themselves actually openly commiting (Jihan Wu and Roger Ver starting a company with a ceo of bitcoin with closed source code and the latest plan to do private mining to attack other options). Another fun fact is that the same attackers are known major tokenholders in ethereum.
I know it's all circumstancial, but I wish I could find clear evidence that ethereum is not another centralized powergrab that will again set us back decades if not more.
The DAO resolution was horrific. Less then 4% of the network voted and 3.5% of the network decided that immutability of the network was just optional as long as it didn't hurt the big powers on the network, you know the ones that hold over 75% of the network currently, while the jubilant plebians get to play around with the scraps under the table. POS will only lock in the power of that tiny group for the rest of time, but hey decentralisation is now a "governance problem" and we need "leadership" right, imagine allowing people to make decisions on their own, that reeks of voluntarism.
Yeah, this video does fit how I see ethereum as well. I always thought that the powers that be would attack this undermining of their power and bitcoin in particular. And I've been watching for the standard modus operandi, from Microsofts embrace, extend, extinguish up till the KGB/FSB tricks of compromising key players.
Ethereum up till now fits all the characteristics of how I would see such an attack play out. And the sad thing is that most people seem to swarm towards the project in jubilant glee while known monopolists and powers that despise freedom support the project in plain view. Most see it as good news. At the exact same time, people seen as key players in the crypto scene are now being personally attacked and accussed of all the bad things that the accusers are themselves actually openly commiting (Jihan Wu and Roger Ver starting a company with a ceo of bitcoin with closed source code and the latest plan to do private mining to attack other options). Another fun fact is that the same attackers are known major tokenholders in ethereum.
I know it's all circumstancial, but I wish I could find clear evidence that ethereum is not another centralized powergrab that will again set us back decades if not more.
The DAO resolution was horrific. Less then 4% of the network voted and 3.5% of the network decided that immutability of the network was just optional as long as it didn't hurt the big powers on the network, you know the ones that hold over 75% of the network currently, while the jubilant plebians get to play around with the scraps under the table. POS will only lock in the power of that tiny group for the rest of time, but hey decentralisation is now a "governance problem" and we need "leadership" right, imagine allowing people to make decisions on their own, that reeks of voluntarism.