Stability is a fundamental problem on the Ethereum network, which means it often faces very high network congestion and transaction fees during times of high demand. Therefore, it's important to consider certain aspects of the cryptocurrency both in the short and long term. Additionally, Ethereum recently underwent an update that caused many miners to stop mining the cryptocurrency, highlighting the need to carefully weigh the potential benefits and risks of investing in it.
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I understand your concerns. I use to mine Ethereum and felt betrayed by the proof of stake conversion, and what I feel is the centralization of staking.
The irony of the proof of stake set-up is that many people didn't choose to stake their own Ethereum, and instead use a commercial service. This concentrates staking is the equivalent of the concentration of power in the hands of few.
This is the anthesis of decentralization.
However I try to keep my politics separate from my investments. I think new money will invest into Bitcoin and Ethereum.
Additionally, I like the lack of third party risk in borrowing against Ethereum on the Makerdao, versus using wrapped Bitcoin. But your points are valid and I shall consider them carefully.
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