Ethereum is centralized, can we trust it anymore?

[Findingnemo]

We all know ethereum merge of PoW to PoS happened recently which reduced the transaction fee a lot but it become more centralized than before so what is going to be the future of ethereum?

Today I saw some blogs related to this so just curious about what bitcointalk community thinks about this merge, the major stake holders of ethereum becomes centralized exchanges which all consists of 64% and all the centralized exchanges are regulated and can be controlled by government so in future if governments make changes in their regulation policies which can affect the ethereum so what will be the future plan of ethereum holders? It can be trusted and still it is good for investment?

[cryptoaddictchie]

For investment maybe yes. Even with this side reasons of ethereum many people are into using centralized exchange. Plus having to accumulate eth is by setting up node and not into mining anymore. Holders of eth might probably thinking of this but with the current situation of hacks and some stolen funds. These investors are also inline to keep it away from those guys.

The only thing I dont like is the linkage on government since they might use this to use on their personal interest.

[shinratensei_]

We all know ethereum merge of PoW to PoS happened recently which reduced the transaction fee a lot but it become more centralized than before so what is going to be the future of ethereum?

I never seen any statement if new update was also increasing the scalability. It seems like that decrease of tx fees in ethereum blockchain caused by the demand was going down. So many people have been migrating to layer 1 and 2 blockchain. I think that scalability problem never got solved.
Did i miss something?

Today I saw some blogs related to this so just curious about what bitcointalk community thinks about this merge, the major stake holders of ethereum becomes centralized exchanges which all consists of 64% and all the centralized exchanges are regulated and can be controlled by government so in future if governments make changes in their regulation policies which can affect the ethereum so what will be the future plan of ethereum holders? It can be trusted and still it is good for investment?

I can assume those ethereum in centralized exchange sites have owned by their users. If they are withdrawing their ethereum and it would not be 64% of ethereum owned by cex. The government didn't need to give even more strict regulation. Government was focusing in AML and taxation.
I see no problem for ethereum for sure. It's still good as investment and why not? the price is jumping a bit last days due to the bitcoin small pump.

[Tony116]

We all know ethereum merge of PoW to PoS happened recently which reduced the transaction fee a lot but it become more centralized than before so what is going to be the future of ethereum?

Today I saw some blogs related to this so just curious about what bitcointalk community thinks about this merge, the major stake holders of ethereum becomes centralized exchanges which all consists of 64% and all the centralized exchanges are regulated and can be controlled by government so in future if governments make changes in their regulation policies which can affect the ethereum so what will be the future plan of ethereum holders? It can be trusted and still it is good for investment?

Although, I also see the ethereum fee has decreased, but I think it is because of the price drop and the transaction in the market is not too congested, so the gas fee has decreased a lot, not because of the upgrade.

Recently, Vitalik Buterin also announced further updates of ETH to fix the remaining issues and he also mentioned that he will solve the ETH centralization problem that people are concerned about. What he said, I don't know if it's possible with a model like POS, but if you are an investor who doesn't care about privacy only cares about profit, then you can still invest in ETH. I still believe that ETH will remain the king of altcoins and continue to grow in the future.

[Mr. Magkaisa]

We all know ethereum merge of PoW to PoS happened recently which reduced the transaction fee a lot but it become more centralized than before so what is going to be the future of ethereum?

Today I saw some blogs related to this so just curious about what bitcointalk community thinks about this merge, the major stake holders of ethereum becomes centralized exchanges which all consists of 64% and all the centralized exchanges are regulated and can be controlled by government so in future if governments make changes in their regulation policies which can affect the ethereum so what will be the future plan of ethereum holders? It can be trusted and still it is good for investment?

   - The only thing I can say about Ethereum right now because of that merger is that the transaction fee in ERC20 is going down somehow, unlike when that merger didn't happen yet. So at least I can say that it has helped ETH holders who often conduct transactions in ETH.

Now, regarding whether it is centralized, I think that if there is nothing wrong with it, our assets will be even safer when centralized because it will be more difficult for hackers to find a way to enter the platforms which is centralized. Rather than decentralized that is closer to the risk of being hacked by exploitative hackers.

[crwth]

It still can be trusted, knowing that many people have tried and done their projects on the ETH network and have succeeded, and they will likely continue to use that as their main blockchain to build on, and I don't think they are going anywhere. Checking on how it becomes in the future could be a great thing unless there's a game-changer token that would be better than it, and so far, ETH is still in the lead, IMO. As long as you will use it, I don't know why you would be worried in the first place because it will not affect us as users.

[Findingnemo]

We all know ethereum merge of PoW to PoS happened recently which reduced the transaction fee a lot but it become more centralized than before so what is going to be the future of ethereum?

Today I saw some blogs related to this so just curious about what bitcointalk community thinks about this merge, the major stake holders of ethereum becomes centralized exchanges which all consists of 64% and all the centralized exchanges are regulated and can be controlled by government so in future if governments make changes in their regulation policies which can affect the ethereum so what will be the future plan of ethereum holders? It can be trusted and still it is good for investment?

   - The only thing I can say about Ethereum right now because of that merger is that the transaction fee in ERC20 is going down somehow, unlike when that merger didn't happen yet. So at least I can say that it has helped ETH holders who often conduct transactions in ETH.

Now, regarding whether it is centralized, I think that if there is nothing wrong with it, our assets will be even safer when centralized because it will be more difficult for hackers to find a way to enter the platforms which is centralized. Rather than decentralized that is closer to the risk of being hacked by exploitative hackers.

Merge reduced the fee problem which exists for years in ethereum blockchain but what about the future and how suddenly we start to trust the centralized ones?

Because the reason for the evolution of cryptocurrencies mainly due to the decentralisation and it can't be controlled by government at any cost if its proof of work but with proof of stake and the stake holders are very few in major I am really concerned about the future.

[dimonstration]

Merge reduced the fee problem which exists for years in ethereum blockchain but what about the future and how suddenly we start to trust the centralized ones?

Because the reason for the evolution of cryptocurrencies mainly due to the decentralisation and it can't be controlled by government at any cost if its proof of work but with proof of stake and the stake holders are very few in major I am really concerned about the future.

The only reason why Bitcoin is still decentralized is because Satoshi is not known and also the existence of other blockchain what makes Bitcoin doesn't improved its TPS. Centralization is crucial part of Ethereum to boost its performance, There is a pros and cons but that doesn't they are not trusted anymore because all transactions is still recorded in the blockchain and regulators is already watching on it so it's not dangerous as it sounds compared before that everything in crypto is not being watch by regulators.

Ethereum just did the dirty job for Bitcoin on handling larger tps by sacrificing it decentralized feature.

[coinerer]

Ethereum is still most trusted chain that is widely used and the Ethereum platform has a huge number of successful projects whose main chain is the Ethereum network, so Ethereum must be trustworthy even though it is centralized, it does not matter much. even after Bitcoin is the position of Ethereum.  And the Ethereum platform has been more successful than any other platform. Which is very attractive to all those potential investors

[evichi]

Vitalik Buterin's decision to move Ethereum from PoW to PoS has its benefits which includes - greener environment as well as low transaction fees. However, the move has made Ethereum to become centralized which makes it less secure as it is no longer PoW. I think the choice is  ours to make, however, for those that cherish the former Ethereum's PoW, a group of miners and other crypto personalities now supports ETHW, which is Pow. Just like every other thing in life, we have to make our choices. Personally, I appreciate Ethereum's low gas fees now.

[DeathAngel]

I don’t think you can ever fully trust an altcoin will stand the test of time. Bitcoin is the only truly trustworthy crypto asset. Alts can make you huge money but get in & get out. Never leave too much of your net worth in a lone alt, it’s asking for trouble. I mostly use them to just get more bitcoin.

[serjent05]

We all know ethereum merge of PoW to PoS happened recently which reduced the transaction fee a lot but it become more centralized than before so what is going to be the future of ethereum?

Today I saw some blogs related to this so just curious about what bitcointalk community thinks about this merge, the major stake holders of ethereum becomes centralized exchanges which all consists of 64% and all the centralized exchanges are regulated and can be controlled by government so in future if governments make changes in their regulation policies which can affect the ethereum so what will be the future plan of ethereum holders? It can be trusted and still it is good for investment?

Being centralized doesn't mean we cannot trust a project.  Remember exchanges like Binance, Kucoin, Coinbase exchange and others are centralized but yet we still trust them with our funds.  I believe Buterin and other ETH developers had proven their reputation.  As of investment, I don't think ETH is as good investment as those potential new projects in terms of profit.  So if you ask me, I'd rather invest my money somewhere that can give me a higher percentage of profit.

I don’t think you can ever fully trust an altcoin will stand the test of time. Bitcoin is the only truly trustworthy crypto asset. Alts can make you huge money but get in & get out. Never leave too much of your net worth in a lone alt, it’s asking for trouble. I mostly use them to just get more bitcoin.

True but among altcoins Eth has a large user base, a stable flow of demand, and a good daily volume though not as high as Bitcoin, so I think you can rest easy if you invest your money in ETH in a sense that you will be able to convert it back to fiat currency any time you like.

[Blawpaw]

We all know ethereum merge of PoW to PoS happened recently which reduced the transaction fee a lot but it become more centralized than before so what is going to be the future of ethereum?
It can be trusted and still it is good for investment?

The Eth Switch was basically a 51% attack. There is no other way to say it. Once it became POS, the network went centralized and under total regulatory scrutiny. For these reasons, it is not a trustable network anymore, but when it comes to investment, there is still a lot of potential on it.

[Xal0lex]

Don't you care about the fact that all major networks have long been centralized? Don't you care about the fact that many decentralized protocols have a majority of voices centered on one or more addresses? There is no decentralization in altcoins. Numerous examples and facts have long and successfully proven this. Ethereum simply adjusts to the current realities of the crypto market, nothing more. All popular cryptocurrencies have become subject to censorship and control, even bitcoin. Trust such cryptocurrencies? Do you really have a choice? All of the major cryptocurrencies at the top are centralized and censored.

[Jawhead999]

Nope, what's the reason I need to choose Ethereum if it's centralized since banks also centralized? I don't trust banks at all, this will be same as I don't trust any centralization in cryptocurrency.

Remember exchanges like Binance, Kucoin, Coinbase exchange and others are centralized but yet we still trust them with our funds.

It's you and the others, not me. I don't use any centralized exchange anymore, if you hold your coins on centralized exchange, it's a dumb decision. How you can sure those centralized exchange wouldn't get hacked in the future? there's a long list exchange got hacked since 2011 [1], not your keys not your coins.

[1] https://bitcointalk.org/index.php?topic=5090869.0

[Maestro75]

Although, I also see the ethereum fee has decreased, but I think it is because of the price drop and the transaction in the market is not too congested, so the gas fee has decreased a lot, not because of the upgrade.

Ethereum transaction fees dropped because of the upgrade and not because of any drop in market price. We know what it used to be when Ethereum was less than $500 and how the fee was crazy. Even when projects, both old and new, started moving to the Binance Smartchain contract, Ethereum fee still remained high and was killing it gradually until this upgrade happened. If only you have an idea of how many projects that abandoned ERC because of that fee problem.

[woez]

My opinion if true Most likely it will overthrow the monetary system that allows users to make transactions in real time. It is also possible that some governments are monitoring the progress of this platform and understanding what the future holds. That's why the possibilities for Ethereum are endless.

I think it's better to wait and see this project permanently, as it will target a very large market and cover a lot of people in need.

[m2017]

We all know ethereum merge of PoW to PoS happened recently which reduced the transaction fee a lot but it become more centralized than before so what is going to be the future of ethereum?

Today I saw some blogs related to this so just curious about what bitcointalk community thinks about this merge, the major stake holders of ethereum becomes centralized exchanges which all consists of 64% and all the centralized exchanges are regulated and can be controlled by government so in future if governments make changes in their regulation policies which can affect the ethereum so what will be the future plan of ethereum holders? It can be trusted and still it is good for investment?

Since its inception, ethereum has been centralized, like all other crypto projects (except bitcoin). Therefore, that at the time of POW, which is now at POS, nothing has fundamentally changed in terms of centralization. If you think about what will happen to this project in the future, then I think it's the same as with all centralized projects - sooner or later governments will find ways to influence them. And as is usually the case, when the government interferes with the functioning of any project, it doesn't benefit the project. I don't think that this will happen any time soon and you need to get rid of eth urgently if you have it. No, on the contrary, ethereum may still be a profitable investment vehicle, as it was for many years before, but I think that you need to keep an eye on changes in the crypto market in order to always be ready for unpleasant surprises. In general, as with any investment.

[Tony116]

Although, I also see the ethereum fee has decreased, but I think it is because of the price drop and the transaction in the market is not too congested, so the gas fee has decreased a lot, not because of the upgrade.

Ethereum transaction fees dropped because of the upgrade and not because of any drop in market price. We know what it used to be when Ethereum was less than $500 and how the fee was crazy. Even when projects, both old and new, started moving to the Binance Smartchain contract, Ethereum fee still remained high and was killing it gradually until this upgrade happened. If only you have an idea of how many projects that abandoned ERC because of that fee problem.

Actually, I haven't heard ethereum developers say that upgrading to POS will help reduce gas fees but they have emphasized that gas fees will decrease after sharding upgrade is updated. If you say so, the gas fee will drop even more in the future when the next upgrades are updated. Although a lot of projects chose BSC over ETH if you look at the top projects, large projects still chose ETH at that time because it was decentralized and more secure than BSC. But now everything has changed.

[Abiky]

We all know ethereum merge of PoW to PoS happened recently which reduced the transaction fee a lot but it become more centralized than before so what is going to be the future of ethereum?

Today I saw some blogs related to this so just curious about what bitcointalk community thinks about this merge, the major stake holders of ethereum becomes centralized exchanges which all consists of 64% and all the centralized exchanges are regulated and can be controlled by government so in future if governments make changes in their regulation policies which can affect the ethereum so what will be the future plan of ethereum holders? It can be trusted and still it is good for investment?

Ethereum may be turning centralized, but other coins are faring worse (with the exception of Bitcoin). I believe that what's happening now is only temporary, since "The Merge" is in its very beginnings (it's only been around 2 months since the upgrade materialized on the ETH blockchain). Give it some time, and you'll see more validators hop in. I think with the upcoming scaling upgrade (which will integrate Sharding into the ETH blockchain), the network's centralization problems will come to an end.

I'm hopeful that will be the case for the good of "De-Fi". It would be quite disappointing to see ETH turning centralized, after being the pioneer of Web 3.0. After all, ETH always promised to be the platform for "unstoppable applications". That could only be a achieved with a decentralized and censorship-resistant blockchain. Many competitors come and go, but I believe ETH will last thanks to the solid foundation built upon it. The future is unpredictable, so we can only hope for the best. Just my opinion