What if the market majority wants a more centralized—governed—cryptocurrency?
I’m not worried about Bitcoin scalability, but I am losing sleep over Ethereum
Tuur Demeester
1.1K84

Remember, you’re talking about a ‘majority’ of people who are *already involved in the Ethereum market*. I don’t really care what the majority of those people think is important. Make sure you’re not presupposing the economic viability of Ethereum, which it does not have. As the Ether token increases in value, then its core service (censorship resistant smart contracts, aka censorship resistant computing on the EVM) becomes commensurately more expensive. This is the fatal flaw of Ethereum, trying to be both a cryptocurrency/form of money, and also using the native token to pay miners for executing smart contracts.

Like what you read? Give Matthew Campbell a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.