It's interesting that they could theoretically rug pull you at any time.  But I suppose the same could be said about so many other platforms on which successful businesses have been formed- Amazon, FB, etc.  It doesn't seem to have stopped the number of developers flooding to this space, although it's not clear to me yet the net value add being created from most of this stuff, but then again I'm not as bullish / visionary about the decentralized universe as balaji et al, outside of sound money.

Fast-iterative and possibly reckless startup approach vs more open source and principled... will be interesting to watch.

bitcoin

The Problem with Ethereum

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Building on Ethereum is like building on a foundation of worms. Sure you might be able to erect a building there today, but who knows where the worms will be tomorrow. 

You have to trust that the Ethereum Foundation is going to do what's in your best interest, which maybe has better incentives than some FAANG company, but it stands in direct contrast to Bitcoin which only changes when we all consent.