[Cobragri]

''Eth fails miserably ''

Ethereum failed already at beginning. A blockchain; Mutable ,premined and ICO is already there. Eth is the target for regulations and censorship sooner or later. And i agree with that scalability is very important part of decentralization. Privacy and scalability well balanced in MimbleWimble.

[rvz]

Well Ethereum has enabled a sea of scams and a carnage of Web3 hype, ICOs, NFTs, Tokens, DAOs, DeFi rug-pulls and everything else using so-called 'smart contracts' (that are not what they say they are) that all ruined it from the very start.

90% of the creations on Ethereum are useless and there is little there that is worth looking at. From the start, it was not designed to scale at all hence its sluggish throughput and high fees. Now it is going to become even more centralized when it moves to PoS.

Might as well drop the decentralization claims then.

[aaaaaaaaata]

> 90% of the creations on Ethereum are useless and there is little there that is worth looking at. From the start, it was not designed to scale at all hence its sluggish throughput and high fees.

Sounds like early internet BBS boards!

RE: ETH decentralization, they've prioritized decentralization of the settlement layer over the decentralization of money in the world, which does somewhat reflect the current state of the world.

[BTCOG]

Proof of Stake in general also failed in the very early days in concept and allows for easy restructuring of block rewards and monetary policy. Ethereum has been able to change monetary policy about six times now and is tantamount to a fiat currency with even more despotic bent.

[aaaaaaaaata]

> Eth is the target for regulations and censorship sooner or later.

Same for Bitcoin — but it'll never happen.