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RE: An objective thought of ETH 2.0

in Project HOPE2 years ago

Hi @qsyal

ETH doesn't enjoy the best time on the market to go throught this transition into PoS. Not the best timing for sure.

Where is decentralization? I can't see it, can you?
Truth be told, except of Bitcoin I don't see even one crypto out there to be decentralized. All I see is that many projects are using word "decentralization" because ... it's fancy and trendy. That's all.

And with time (since large institutions will be entering the market) we will witness only even higher level of centralization.


allow me to remind you of what happened with the Tornado Cash protocol

My own personal opinion on this topic: what had happened to Tornado Cash could mosly happen, because it's a small project with people who have no resources to defend themselfs.

ETH would have an army of lawers. And that is a game changer.

It's a different story to go after some small business owner / programmer - simply to make an example, which would bring some fear within the industry. And it's a different story to go for war with well established and quite resourceful business (like Eth).

Also Tornado Cash has been involved in laundry money process number of time (after all it is a funds mixer). Did you ever hear about ETH having similar issues? I didn't.

ps. if anything, I would rather be concerned about privacy coins like Monero.

Cheers, Piotr

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Hi @crypto.piotr

And with time (since large institutions will be entering the market) we will witness only even higher level of centralization.

This is so true. Even BTC is liable to become gradually centralized as time goes on...

And it's a different story to go for war with well established and quite resourceful business (like Eth).

Maybe you're right. But the fact that Eth is well established and is on its way to mass adoption might be an additional motive for regulators to crack on (as it becoming a threat in their eyes)

Thanks for the constant support :)

 2 years ago 

Maybe you're right. But the fact that Eth is well established and is on its way to mass adoption might be an additional motive for regulators to crack on

I would rather expect that examples will be made by authorities destroying small projects and by authorities going after those who cannot afford good lawers.

However, big players (like eth) will be forced to follow regulations. Very unlikely that ETH would get into any real trouble. Otherwise, just like in case of XRP -> it will just end up with long-lasting lawsuit case.

That's my view :)

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