How Ethereum Staking is Creating a $10 Billion Ponzi Scheme
Too Long; Didn't Read
The Ethereum merge happened. Users got slightly cheaper gas and a small boost in the number of blocks created per day, along with the looming problem of censorship and the existence of decentralization in general. What's next?
In fact, there is a much more dangerous problem with the new Ethereum staking. In this article, we will talk about one of the largest Ponzi schemes in history. These are big, world-famous VCs-backed validators that offer win-win conditions for anyone who wants to profitably stake their ETH. But in reality, investors are in a financial pyramid of more than $10 billion which will collapse at any moment.