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First and foremost, I would like to say that this post is going to be slightly different than my previous ones since it will probably come across as more of an opinion than fact.
This is about the path I am seeing ETH going down, and truly believing that like with an abusive partner, most of the people that are neck deep into that ecosystem are failing to see the red flags.
I have been critical of ETH and it's power system for a long time. I believe, no, I know, they are mostly talk and no actual practice. All the promises get delayed, all the problems get swept under the rug, and everyone that isn't on board is asked to get on board or leave.
The trajectory has been set for awhile in my eyes, they were obviously headed down the permissioned, centralization route to try and solve the problems that they knew the network had from the beginning.
And yes, they knew from the beginning the architecture wouldn't scale.
They are doing this with all the permissioned rollups that no-one quite knows how they work and could be Excel databases for all we know. This was obvious to me: they are compromising decentralization to solve scalability
But then, everything became clearer. Vitalik published his Endgame. At this point it became painfully obvious that my suspicion was the intent all along.
They lack any meaningful way to solve scalability issues, and the solution is to ditch decentralization all together.
You know what that is? Fiat with extra steps.
I was hoping for some push back from the community, but it never came. I watched everyone praise this direction. It's ludicrous.
They are raising the pan to a boil slowly so the frogs don't jump off.
And now with this partnership with MasterCard, they are trying to add another layer of permissioned entities to, once again, allow use at the cost of decentralization.
The point of this rant/stream of consciousness is only two fold:
-On the one hand, I couldn't not say anything, even if you guys don't like what I am saying.
-On the other, I want to be on record, putting this out there, just so I can get back to this in the future and be able to say:
