At least with AWS, Amazon doesn’t also control the US dollar and the euro. If their service starts to suck, I can take my business elsewhere. But if Ethereum were to actually become a global standard, there would be no escape from the Ether plutocrats.
Any participation you and I can have in a system like Ethereum is table scraps from the overlords.
This is an extraordinarily good point.
Centralization of Etherium means a centralization of both the VM and the currency. It would be as if the Fed and US Mint also owned AWS.
If Amazon sucks, as you say, you can take your dollars elsewhere. If Ethereum sucks, your Ether is going to be worthless, even if you could bridge it to another chain.
“Now that the next five-year plan will be implemented as a smart contract on the Sovgosethereum, we’ll be mathematically guaranteed to meet our economic goals.” — Makes as much sense as the guaranteed crypto lending yields of 2021.
If the protocol starts to suck, users can change or fork the protocol (this has already happened multiple times, PoS being the latest example).