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For years Bitcoiners dunked on Ethereum and used the EF as a reason as to why Ethereum was centralised
Why? Because decentralisation is the most important thing for a public blockchain
Credible neutrality is the moat and Bitcoiners wanted to undermine the legitimacy of Ethereum
Fast forward to now and the EF has told you that their focus is on decentralisation, and yet every Alt-L1er is losing their head because BD is not the number one thing on the list
Ethereum takes heat from both sides, and the irony is that this is because it is doing what no other blockchain is doing; decentralisation with programmability and utility
But the funniest thing is that both Bitcoiners and Alt-L1ers are wrong
Bitcoiners are right to value decentralisation, but wrong to suggest that Ethereum is centralised
Alt-L1ers are right to value utility, but wrong to do so at the expense of decentralisation
It has never been clearer to me that Ethereum is exactly where it needs to be - the only thing that isn’t is the rhetoric around it
Narratives around ETH are all psyops to take advantage of ignorance
Bitcoiners/Alt-L1ers are all focused on the immediate term to try and grow market share (I.e. get people to buy bags) so that they become ‘too big to fail’, knowing that they are on borrowed time
They, or at least the ‘smart’ ones, know the inherent weaknesses and hypocrisy, but they want to extract as much as possible and hope that they can entrench their bags as a ‘major’ through sheer persistence
A time will come when people wake up to this, and every day we are closer to this eventuality
Ethereum is inevitable
The ticker is $ETH
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