This is exactly the kind of discussion that I was trying to get at with this post. 

Basically all cryptocurrencies just market themselves off of the things that make Bitcoin genuinely useful and ditch them when it suits them.

Rock

My question for people that own / believe in Eth is why? Why is decentralization important? What are the consequences of centralization in your opinion? I really can't figure out why Eth people care about it at all. They don't seem to be concerned about state actors based on their actions. They seem to have a very non-adversarial attitude. So I ask, why do you need to be decentralized?

kepford

Yeah I don't understand how people can get past the ICO, nobody has ever given me a solid answer about that. I wonder how the transition to PoS will play out over time.

bitcoin

Is Ethereum decentralized (enough)? Explain your answer in the comments.

The move away from PoW was the last nail in the coffin. Eth is completely centralized IMO. State actors, the foundation, and the pre-mine.