When all this plays out, I don’t see how ETH survives. There isn’t a case to be made for a second form of digital money, especially one that lacks true scarcity and decentralization, where the founder is a known individual who is actively steering its direction, and most of the staking validators are controlled by early insiders. Anyone who has a significant portion of their net worth staked and still feels comfortable after seeing this clip should have a real “come to Satoshi” moment before it’s too late. View quoted note →