#Bitcoin only matters

I used to have a personal emotional attachment to #Ethereum. Their leadership needs to be more knowledgeable and mindful of the fundamental aspects that make blockchains, #cryptography, and #smartcontracts beneficial to a free society. While some may not intend to be malicious, it takes outsiders time to recognize the issues. The evidence is now undeniable that, on the one hand, they claim immutability and censorship resistance, but on the other hand, they attack principles of trust minimization. They also claim to be decentralized, but they are becoming the international banking system's cartel coin. In this elitist coin, only 1 percent can stake it individually at home, while big corporations are the main winners in Ethereum staking rewards and are the go to for the creation of CBCD.

“CBDCs give central banks future-oriented tools to allow them to implement monetary policy in more direct, innovative ways and keep pace with technological change.”

Joseph Lubin
Founder of ConsenSys and Co-Founder of Ethereum