Veteran investor GoingParabolic shares scary prediction for ETH2 enthusiasts Ethereum $ETH
Prominent investor and writer Jason A. Williams, a founding partner of Morgan Creek Digital Assets, slams the decentralization of the soon-to-be post-Merge Ethereum .Mr. Williams has taken to Twitter to criticize the upcoming Ethereum on proof of stake . According to him, its staking design is very far from being fair and inclusive.A small group of early insiders and founders already control more than 51% of stakeable ETH.
There is nothing honest stakers can do when this majority group predictably and inevitably abuses their control of the ledger.A group of insiders and founders are already responsible for controlling over 51% of all Ethers locked in public staking mechanisms. Here's why an attack from PoS"whales" looks predictable and inevitable for Mr. Williams."Honest" stakers, he claims, are unable to somehow protect themselves from"abusing" the strategy of whales.Ethereum devs have had a relentless focus on enabling decentralization that is above of what was achieved with previous generation networks.
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