PlanB emphasizes Ethereum’s centralized nature and the issues surrounding its Proof of Stake implementation, suggesting it harms investor confidence and long-term value. He highlights the pre-mine controversy, where 60% of ETH supply was pre-mined, allowing major holders excessive influence.
In contrast, Ethereum’s practical applications continue to expand significantly, processing more stablecoin transactions than Visa in 2024. Analysts note its role in hosting over 50% of total stablecoin supply and 56% of all real-world asset value, indicating its growing importance.
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