It's fake, but still has a lot of truth.
Remember DAO and the hack in 2016! Back then it caused a crash in the market. Not this time! The bull is strong! Regarding the decentralized part in eth, defi or any other crypto project: devs rolled back the blockchain of eth without the full miners consent, which gave birth to etc; year after year they made HF after HF without asking the users or the miners. The last one burns the extra fees which used to go to the miners. And soon they will switch to POS which will benefit mostly the devs holding 70%+ of premined eth. The same more or less is valid for any defi "project". It should be called Cefi, not Defi! The only good thing about eth existence is that it allows mining bitcoins with gpus. These are more user friendly and attracted millions which otherwise wouldn't invest directly in Bitcoin. The conviction to became a Bitcoin hodler grew up simultaneously as I was making a good profit by mining. And for many of the miners eth is just an intermediary to bitcoin, nothing more. I don't care about its future and I won't hold or stake anything! And I don't care about missed future profits by selling everything that I mined so far. At the moment it switches to POS, it is a dead project to me. I'm 100% sure that if a project loses completely it's decentralization part, it will die in a matter of months or several years tops.Yeah that pretty much exactly what I think of Eth.
Mr V would need to personally send me two coins . (Long complex story)
Then resign and appoint a multi person development team. Along with changing the algorithm to progpow. Promising to run Pow until 2030.
At that point it would be a shit coin rather than the money trap it is.
@ biodom pos is simply a junk bond concept wrapped in a corporation that is nonexistent.
But I am mining ⛏ Eth and cashing it to btc daily.
After the London HF you'll have to find another chain because as soon as (!!!) they switch to POS you'll be out of business.
I know you're prepared.
All the cards are paid off. So if I sell them at 50% of msrp it is all profit, but that is 2022 or 2023 I will worry then.
The key to mining is DCA the gear do not over pay and over expand.
Cheap power is a given.
Safe location.
