Ethereum has a well-known founder, one that played a pivotal role in the initial marketing, creation and subsequent development of the project. Vitalik Buterin. He was a "boy genius" type, only 21 when launching Ethereum. People immediately a cult of personality around him.

Less well-known at the time was his scammy past. Vitalik's past before Ethereum isn't that long, since he was so young when he started it. But that was enough time to sell shares in a "simulated quantum computing" scam, and try to convince bitcoin developers to revamp bitcoin from the ground up to serve his personal ambitions on the network with colored coins. Note: from the beginning, he was trying to print tokens. Of course, bitcoin devs said it was impossible, so Vitalik when off and started Ethereum.

What's to be done? Nothing. This has to play out. Ethereum's incentives were corrupted from day-1. That's why my above tweet says, "Ethereum is dead already." Its fate was sealed at launch.

Suffice it to say here, the small investors are about to get rug pulled once again. If You are reading this and identify with that, I'd rethink my exposure to Ethereum.