Proof-of-Stake and Stablecoins: A Blockchain Centralization Dilemma

LYN ALDEN | NOV, 2021

I’ve been asked a number of times for an update for my views on Ethereum since my January 2021 article on the topic, which received over a quarter million reads.

In that prior article, I described Ethereum, explained areas where I was bullish, but also expressed my fundamental concerns with it. The overall tenor of the article was somewhat critical of Ethereum, which is why it received so much attention. In that article, I was also quite bullish on the proliferation of stablecoins in the coming years.

I don’t mean to pitch my content here, but for context, members of my premium service already know my updated views on Ethereum, because I’ve been providing updates on Ethereum pretty much every month since that initial article.

The summary of those many reports was that I frequently described problems with the Ethereum blockchain including DeFi hacks, centralization issues, unintended chain splits, NFT speculation and so forth, but that I have been rather tactically bullish in terms of price action for the intermediate term

Lyn Alden

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