[rvz]

Well Ethereum has enabled a sea of scams and a carnage of Web3 hype, ICOs, NFTs, Tokens, DAOs, DeFi rug-pulls and everything else using so-called 'smart contracts' (that are not what they say they are) that all ruined it from the very start.

90% of the creations on Ethereum are useless and there is little there that is worth looking at. From the start, it was not designed to scale at all hence its sluggish throughput and high fees. Now it is going to become even more centralized when it moves to PoS.

Might as well drop the decentralization claims then.

[aaaaaaaaata]

> 90% of the creations on Ethereum are useless and there is little there that is worth looking at. From the start, it was not designed to scale at all hence its sluggish throughput and high fees.

Sounds like early internet BBS boards!

RE: ETH decentralization, they've prioritized decentralization of the settlement layer over the decentralization of money in the world, which does somewhat reflect the current state of the world.