• Profile picture of Ross Peili

    Ross Peili

    1 year ago

    Here’s why Ethereum is a scam:

    *note, I am an ETH maxi and bought it at $60 so Karens can suck my duck.

    DL;DR: It’s centralized af.
    ~~

    🔷Stakeholders can print ETH whenever they want.
    🔷Validators won’t let gas fees go down, even if scalability wasn’t an issue.
    🔷nVidia x Calvin Ayre greed.
    🔷It can erase confirmed txs, and it can appear confirmed txs that were never pending meaning it’s not immutable and it’s centralized af.
    🔷US gov, IBM, JPM, Grayscale, and Central Banks own almost half of it via shells of shells of shells.
    🔷It’s a speculative ecosystem more than a builders’ eco.
    🔷You don’t really understand the tech, but they convinced you, you do.

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    • one could say the same applies across the entire crypto spectrum?

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