Except the whole point of crypto is not to be reliant on a third party company who has the power to pull the carpet from under your feet!
If you don't care about that last point, why not use VISA for transactions or Robinhood for financial stuff? (after all, they always act in compliance with their “long in advance” accepted ToS …).
If you admit that Ethereum is not a decentralized system but a company that can change things on their own terms, then we in fact agree.
> Except the whole point of crypto is not to be reliant on a third party company who has the power to pull the carpet from under your feet!
The view is that ETH1 bootstrapped with PoW, with the intention of always moving away from it. This isn't pulling the carpet, this is executing on a plan to become as you say, less reliant on any third parties. You are trying to vilify execution on a published plan?
> If you don't care about that last point, why not use VISA for transactions or Robinhood for financial stuff? (after all, they always act in compliance with their “long in advance” accepted ToS …).
I do use those services for certain needs. There is room in the world for both types of services.
> If you admit that Ethereum is not a decentralized system but a company that can change things on their own terms, then we in fact agree.
I admit that ETH PoW was an incremental step and that it isn't perfect. I think anyone can admit that. In the software development land, we call this iterating on a MVP. Whether PoS is the correct future or not is to be seen, but I don't blame them for trying. At least someone is trying.
If you don't care about that last point, why not use VISA for transactions or Robinhood for financial stuff? (after all, they always act in compliance with their “long in advance” accepted ToS …).
If you admit that Ethereum is not a decentralized system but a company that can change things on their own terms, then we in fact agree.