I think this is the beginning of the end for ETH in my opinion POS further centralized the distribution of the coins
We already see how centralized development is as well as nodes! No one can afford to run an ETH full node
I no longer agree with the direction of the project, the road map and solutions they propose add way too many holes and attack vectors into it for much liking
I have to say every block chain that is becoming something is now centralized. Decentralized systems don't really work they are a madhouse mess of people randomly doing things with no direction and development. The dream of decentralization won't ever happen IMO.
I agree with you, trying to put so much data on a chain is always going to centralize things. I just look at ETH and I see all the wasted resources of peoole minting bullshit on the chain like rug pull tokens and NFTs and I’m like what’s the point?
Nodes must store all this rubbish data seems like such a waste
I mean I have ETH wallets with thousands of coins that aren’t worth dick and isn’t even worth moving to selling lol why are we keeping record of this garbage
You really need some type of trusted Governance system in place but no one really feels like messing with that crap as we clearly see here with Hives voting system and other voting systems.
Vote out the trash, have some type of approval process. Chains like Cardano and Polkadot should have somewhat of this type of governance but I'm not sure how well it's going to work out.
Binance turned into the same thing. Shit token after shit token for no reason other then to fuel the pockets of the creators and hype it up for no reason. It's actually extremely hurtful to the real goal crypto has.